Xendit, FDFC launch joint PayLater solution in the Philippines

Xendit and FDFC announced on February 24, 2021 the launch of their joint PayLater solution. This will help merchants offer convenient, card-free installments in the Philippines where majority of shoppers remain uncarded or unbanked.

Based in Indonesia, Xendit is a financial technology company that provides payment solutions. Based in the Philippines, FDFC is the fintech company behind the Buy Now Pay Later app BillEase

“Shoppers are increasingly looking for alternative ways to pay, and merchants who offer flexible payment options can rapidly improve their conversion rates and increase average order value,” FDFC co-founder and chief executive officer Georg Steiger stated. “We’re excited to partner with Xendit to help Filipino merchants grow more by removing unnecessary challenges customers face at checkout, especially for those who are unable to use credit and debit cards.”

Xendit, which allows merchants to accept payments online, can now make it easier for merchants to provide an affordable and transparent installment option at checkout through a single integration. The company’s merchants can now add BillEase as a payment option with a few clicks and by offering BillEase at checkout, they can give their customers the option to split the cost of their purchases into installments either monthly or bi-weekly with no hidden fees.


“At Xendit, we aim to give our merchants the options needed to help their business grow by offering all types of payment methods,” Xendit Philippines managing director Yang Yang Zhang said. “Partnering with BillEase is crucial as the demand for installment solutions has grown in recent years, partly fueled by the pandemic.”

“Additionally, merchants also see a huge demand from their consumers for this type of payment option,” Zhang continued. “That’s why we’re excited to bring our PayLater solution to online retailers in the country.”

Xendit merchants that offer BillEase can allow customers to pay for their purchases online on monthly installments and pay the app over a period of three, six, nine or 12 months with monthly interest rates between 0 to 3.49 percent, the cheapest rate in the Philippines. Merchants can also choose to offer 0 percent annual percentage rate (APR); for example, a purchase worth 18,000 pesos would only cost 2,500 pesos over six months at 0 percent APR.


A Y Combinator-backed financial technology company, Xendit enables businesses to accept and send payments across multiple channels. The company is focusing on API innovation that allows merchants to accept payment with ease on various channels, from debit and credit cards, online banking through Direct Debit, e-Wallets, to over-the-counter outlets and online installments. 

Recently, Xendit expanded in the Philippines to offer this payment solution via API, hosted checkout or third-party plug-ins via Shopify, Woocommerce and WIX, among others. The partnership with BillEase allows merchants to connect to Xendit’s API and enable BillEase’s payment products.

Pay Later lets customers try the product and pay on their next pay day with no interest and Pay in Installments enable customers to enjoy fully-financed purchase and spread payments over time at a zero-to-low interest rate. Pay with Down Payment allows customers to pay 1/3 upfront and pay the rest in installments.

FDFC is the first company to launch an integrated installment payment solution for e-commerce merchants in the Philippines that does not require customers to sign up for a credit card or debit card. Unlike credit cards and other alternative lending platforms, BillEase has a transparent agreement with customers with no fine prints, no hidden fees and exaggerated interest rate charges.

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