PayLater allows users to combine their monthly bills from GrabCar, GrabFood, GrabMart, and GrabExpress into a single bill. For those who choose a monthly payment schedule, this is a more flexible payment choice.
How does it function? If you are low on cash but need to use Grab’s services, you can now do so and, as the name suggests, pay later. It is open to top-tier and long-term Grab users who frequently use the app’s functionality and those who have made large purchases through the app’s various services. If you meet the requirements, you can see it as a payment option for Grab transactions. To use the PayLater function, the user must click and subscribe.
PayLater bills will be generated on the first and fifteenth of each month for repayment, with a 7-day grace period. Users would only have to pay a 3.99 percent processing charge for each combined bill with no interest.
Users of PayLater can prevent bill shock by monitoring their transactions. To see their current spending number, available balance, and transaction history, go to the PayLater section and press the “View Details” tab. People can see that there are no hidden fees since the whole PayLater system is open. Users may allow their alerts to receive daily payment reminders before their due date to avoid late fees. Late fees are calculated at 3.99 percent of the total bill.