Finexus merchants can now offer their in-store cardholders RM50 cashback with minimum RM500 spending when they pay for their purchase through Visa Instalments (VIS) on Finexus POS devices. With VIS, Finexus merchants can offer their Visa cardholders flexible instalment plans from three months to three years, with corresponding minimum purchases from RM300 onwards in a single transaction. 

What sets Finexus apart from other Buy-Now-Pay-Later (BNPL) providers? Here are four compelling reasons of why Finexus stands out:  

1. Universal Card Acceptance: Finexus’s POS terminals are designed to accept all Visa credit cards with VIS. This means merchants can invest in a single terminal that caters to all cards from VIS issuing banks, eliminating the need for multiple terminals. Currently, issuing banks offering cards with VIS are HSBC Malaysia (tenure up to 36 months), Ambank Malaysia (tenure up to 36 months), and Standard Chartered Malaysia (tenure up to 12 months). With the anticipation that more banks will be joining VIS soon, merchants can expect a larger pool of potential cardholders. In addition, BNPL service is also growing in popularity in Malaysia, where nearly nine in ten Malaysian consumers (88%) said they are aware of the service. This equates to a larger pool of potential cardholders for merchants.  
2.  Zero Fees: Finexus also views its merchants as valued business partners. That is why Finexus has decided to waive VIS registration and setup fees altogether during this introductory stage.  
3.  Competitive Rate: Their merchants benefit from one of the most competitive rates in the VIS industry, ensuring that merchants do not miss out on a potential cardholder while optimising their revenue.  
4. Instant Approval: With pre-approved credit from VIS card issuers, merchants can provide instalment plans and immediately complete transactions using only their Finexus payment terminal, without the hassle of separate registration with each credit card issuer bank. This tremendously enhances both the merchant and cardholder experience.   

Finexus remains dedicated to providing cutting-edge payment solutions and simplifying the payment landscape for businesses.

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