Pathao rolled out a ‘Pay Later’ feature for its users, providing a first-of-its-kind payment option for consumers in Bangladesh on Tuesday.
The flexible payment solution comes as part of the company’s continuous efforts to offer convenience and choices to its users, who form the largest and most engaged base of young and aspiring digital consumers in Bangladesh.
Many of them are at times on a limited budget because they are waiting for their salary to arrive. ‘Pay Later’ solves this problem by allowing users to spend responsibly and with confidence.
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For now, Pathao Food users can choose ‘Pay Later’ as their payment method to complete their order with a single tap. The initial spending limit is Tk 2,000, which will be replenished upon repayment.
Pathao will not charge the user for the ‘Pay Later’ feature. The full amount is due within 30 days of the end of a 15-day spending period after which there will be a late charge of up to Tk 200. Pathao would send regular reminders as repayments become due.