Singapore-based fintech company Pace Enterprise (Pace) has announced an exclusive partnership with iconic Asian hospitality brand, Shangri-La Hotels and Resorts, to offer its Buy Now Pay Later (BNPL) payment option at participating hotels across Malaysia.
The fintech solutions company said with the BNPL payment infrastructure integrated into Shangri-La’s point-of-sale systems, hotel guests and patrons can conveniently split their payments over three interest-free monthly installments.
The new payment option can be used for various services available within the establishment, including room bookings, dining, as well as wellness services, such as massages or spas.
To make a payment, guests or patrons will simply need to choose and complete the transaction using the Pace mobile app at any Shangri-La payment terminals.
New Pace users will need to register for an account before they can make any payments. Pace users can also enjoy exclusive offers and discounts for various Pace merchants.
Katie Roberts, director of marketing, Malaysia said Shangri-La strives to provide an environment whereby guests can live, work, play and rest well while creating memorable experiences.
“With Pace’s BNPL solution, we can offer a wider range of payment solutions and allow our guests to enjoy much-deserved rest and relaxation with the Shangri-La experience in a flexible and convenient manner,” she said.
Pace’s founder and chief executive officer Turochas “T” Fuad said the foray into hospitality tourism is a key milestone achievement for Pace as the company continues to expand its reach.
“In time for a rebound in travel and tourism, we are looking forward to supporting it by providing flexible payment solutions. We are excited to partner with an iconic brand like Shangri-La Hotels and Resorts to enable foreign and local tourists to have that flexibility to enjoy their dream getaways without compromising their budgets,” he said.
Pace is currently available at Shangri-La Hotels and Resorts in Malaysia for over-the-counter payments only and for Malaysia, Singapore, Thailand and Hong Kong card holders.
The BNPL payment option is available at the following participating Shangri-La Hotels and Resorts in Malaysia:
• JEN Johor Puteri Harbour by Shangri-La
• Shangri-La Rasa Ria, Kota Kinabalu
• Shangri-La Tanjung Aru, Kota Kinabalu
• Shangri-La Kuala Lumpur
• Traders Hotel, Kuala Lumpur
• JEN Penang Georgetown by Shangri-La
• Shangri-La Golden Sands, Penang
• Shangri-La Rasa Sayang, Penang
To date, Pace has over 5,000 points-of-sale across the Asia region and is on track to meet its goal of one million users by the end of 2022. Pace also aims to have USD1 billion annualized GMV (gross merchandise value) by end 2022.
 payment option for hotel guests.){kind=link}