GrabPay provides 2 PayLater payment methods – PayLater Instalments and PayLater Postpaid via Grab e-wallet. Once you’ve activated PayLater, you’ll be entitled to both PayLater Instalments and Postpaid.
PayLater Instalments is a payment method for you to spread your online shopping bill into 4 interest-free monthly instalments. Your monthly instalments will be deducted automatically from your GrabPay balance or a linked card.
PayLater Postpaid allows you to consolidate payments for Grab services (e.g. rides, food, and deliveries) and purchases from online partners on a monthly basis, interest-free. At the end of the month, your transactions will be consolidated into a single bill that you can settle using your GrabPay balance before the due date.
To ensure safe spending practices, you will be assigned a unique PayLater Amount based on your user profile and payment practices and it is subject to change from time to time. This means, the longer you have been using PayLater and the more orders you have successfully repaid according to your payment schedule, the more likely you will be able to spend more.
- Available amount is the maximum amount you are allowed to spend across Postpaid and Instalments and is the same amount as your Instalment Available Amount.
- Instalments available amount is the maximum amount you are allowed to use for Instalments purchases and is the same as your Total Amount.
- Postpaid available amount is a subset of your Instalments available amount.
Instalments available amount is not transferable for Postpaid use.
This means, for example, you may be granted RM1500 for Instalments and RM500 for Postpaid, your Available amount will reflect as RM1500, which is the higher amount of the two. If you spend RM500 using Postpaid, you will be left with RM1000 for Instalments and RM0 for Postpaid. The RM1000 allocated to Instalments is not transferable to Postpaid.