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[SPayLater] What is SPayLater?
Provided by SeaMoney Singapore Private Limited, SPayLater is a buy-now-pay-later payment option that provides you with extra spending power on Shopee and in-stores at participating ShopeePay Merchants.
- You can make a purchase immediately with no upfront payment.
- Spread out your monthly repayment with our 1, 3, 6 and 12-month instalment options.
- Begin repayment only after you have received your order.
In the event that your monthly bill remains unpaid past the due date, a late charge of $5 will be applied per overdue bill.
All Shopee users with an existing account before 23 October 2024 are eligible to apply for SPayLater! To check your eligibility, open your Shopee App > find the Me tab in your Shopee App > click on SPayLater.
Learn more about activating SPayLater and where you can use SPayLater.
SeaMoney Singapore Private Limited offering SPayLater is an accredited BNPL Provider that follows the BNPL Code of Conduct published by the Singapore FinTech Association. The BNPL Code of Conduct lays out industry standards to not only cultivate safe growth of BNPL providers in Singapore, but also focuses on enhancing consumer protection. Key highlights on consumer protection includes, but are not limited to:
Mitigating risks of consumer over-indebtedness
Ensuring fair and ethical marketing practices
Accommodating hardship repayment plans for consumers
To learn more about the BNPL Code of Conduct, kindly refer to the below links.
SFA Website - Code of Conduct Introduction
