Mintpay, Sri Lanka’s first Buy Now Pay Later (BNPL) service provider has been breaking new ground to bring absolute convenience and payment flexibility to its members. As a BNPL service, Mintpay permits consumers to enjoy interest-free payment plans that will enable them to pay for any purchase in three installments, even with debit cards.
Mintpay has now forged a strategic partnership with Softlogic Retail (Pvt) Ltd, a fully owned subsidiary of Softlogic Holdings PLC that has changed the retail ecosystem in the island forever. Shoppers across the island can now purchase anything they want from the Odel.lk, mysoftlogic.lk and Softlogic Max retail outlets, using Mintpay’s Buy Now, Pay Later service.
“We believe that Mintpay is poised for mainstream adoption and acceptance among Sri Lankan consumers. This partnership is a testament to exactly that, as we grow to become the preferred BNPL partner for the larger retail brands,” said Founder and CEO of Mintpay, Kukaraj Tharmasegeram. Chief Executive Officer of Softlogic Retail (Pvt) Ltd, Mohammed Rizvi said, “With our diversified business ecosystem within the retail market, we have built a strong and loyal customer base by making our products accessible to all our customers. We have been offering various easy payment options including long term zero interest instalment plans. I’m sure our customers will be delighted with this short-term instalment plan too.”
As the day-to-day living situation on the island shifts, there is a greater demand for trustable alternative payment methods while also allowing them to maintain their livelihoods through payment flexibility.