RHB Launches Malaysia’s First Debit-Linked Buy Now, Pay Later Solution

Samuel Chua

5th February 2025 - 1 min read

RHB Banking Group has introduced RHB PayLater, the first buy now, pay later (BNPL) solution in Malaysia that is directly linked to debit cards.

According to the bank, this initiative is aimed at improving financial flexibility while encouraging responsible spending.

The bank stated that this move reflects its commitment to developing customer-focused financial solutions that promote financial well-being while ensuring sustainable growth. It also meets the growing demand for payment methods that are both convenient and transparent, aligning with the evolving needs of modern consumers.

RHB Banking Group Managing Director and Group Chief Executive Officer Datuk Mohd Rashid Mohamad highlighted that the introduction of RHB PayLater allows customers to make more informed financial choices while enjoying added convenience.

“This initiative is not just about providing a payment option – it is about fostering financial resilience, rewarding loyalty, and contributing to sustainable growth for individuals and communities. With RHB PayLater, we are delivering on our promise to offer value-driven solutions that adapt to our customers’ evolving needs,” he said.

(Source: NST)

Samuel Chua

Samuel writes about personal finance and financial news, focusing on how banking updates, policies, and promotions affect everyday money decisions. He enjoys making complicated financial topics easier to follow. Outside of writing, he spends his time watching TV shows and occasionally convincing himself he will only watch one episode.

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