Kentucky Fried Chicken (KFC) Malaysia has introduced a new BNPL payment plan via QSR PayFlex, powered by Boost.
Kentucky Fried Chicken Malaysia has introduced a new BNPL payment plan via QSR PayFlex, powered by Boost. With a minimum spend of RM10, customers can now pay later and split their bill into three monthly installments using this option, which is offered by its outlets nationwide.
To use this feature, customers must first register an account with QSR PayFlex via its official website. Users must be Malaysian citizens aged 21 to 60 and pass an internal credit score eligibility assessment. Every first-time customer will receive a RM5 e-voucher, and an additional RM10 e-voucher for spending RM50 or more. The e-vouchers can be redeemed both in-store and online.To pay with QSR PayFlex, sign into your account and click on ‘Let’s Transact at KFC.’ At the kiosk, select ‘QSR PayFlex’ as the payment method, click on ‘Show QR,’ and scan the code to proceed. No payment is required on the day of purchase, with the first installment due 30 days later.
Like most BNPL services, it includes a profit rate of 2.5% on the transaction amount, charged with each installment payment. A Wakalah fee applies: RM5 for transactions below RM100 and RM10 for transactions above RM100. Late payments incur a 1% daily charge on the total bill until full repayment is made.The number of companies offering BNPL as a payment option continues to grow, including Grab, Shopee, and TikTok.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Suruhanjaya Kredit Pengguna kawal selia BNPLSuruhanjaya Kredit Pengguna (SKP) akan diwujudkan bagi mengawal selia perkhidmatan Beli Sekarang Bayar Kemudian atau BNPL yang menyaksikan penggunaan ketara dalam kalangan rakyat Malaysia sejak kebelakangan ini.
Read more »
Malaysian BNPL transactions surge to RM7.1 billion in 2H 2024As of December 2024, there were 5.1 million active BNPL users, the majority aged 21 to 45 and earning less than RM5,000 per month.
Read more »
BNPL: Rakyat Malaysia belanja RM12 bilionRakyat Malaysia berbelanja sebanyak RM12 bilion menggunakan kemudahan Beli Sekarang Bayar Kemudian atau BNPL pada tahun lalu.
Read more »
BNPL debt reaches RM2.8b in Malaysia as users grow, but Bank Negara says risks are containedKUALA LUMPUR, March 24 — Buy now, Pay Later (BNPL) activity has grown rapidly, although the total outstanding BNPL debt remained a small proportion of overall household debt at...
Read more »
KFC Malaysia Drops Adorable Cat Baju Kebaya & Baju Melayu For RayaMeowriah.
Read more »
BNPL boom? CCOB task force eyes new credit law by year-end to rein it inKUALA LUMPUR, March 21 — The Consumer Credit Oversight Board (CCOB) task force aims to have the Consumer Credit Bill 2025 gazetted by the end of this year, said Bank Negara...
Read more »