What are the requirements for PayLater?

PayLater: Eligibility Requirements

PayLater is a convenient and secure digital payment option that allows users to make purchases online and in-store, and pay for them later. To ensure a smooth and seamless experience, there are a few eligibility requirements that users must meet:

1. Malaysian Citizenship

PayLater is available exclusively to Malaysian citizens. Users must be 18 years of age or older to qualify.

2. Valid Identity Card

Users must possess a valid MyKad (Malaysian Identity Card) or MyTentera (Malaysian Armed Forces Identification Card). This document serves as proof of identity and citizenship.

3. Working Email Address

Users need to provide a valid email address that they actively use. This email address will be used for account activation, communication, and transaction notifications.

4. Mobile Phone Number

A valid and active mobile phone number is also required. This number will be used for account verification purposes, such as receiving One-Time Passwords (OTPs).

Once these eligibility requirements are met, users can sign up for PayLater and start enjoying its benefits. The sign-up process is quick and easy, and can be completed online or through the PayLater app.

Additional Tips

• Credit History: While not a formal requirement, it’s worth noting that PayLater may consider your credit history when assessing your application. Having a good credit score can improve your chances of approval and potentially lead to higher spending limits.
• Regular Income: Demonstrating a stable source of income can also strengthen your application. This could include employment, self-employment, or other forms of regular income.
• Good Standing: PayLater may also review your overall financial standing, including any outstanding debts or legal issues. Maintaining a good credit record and avoiding financial difficulties can increase your chances of approval.

By meeting these eligibility requirements and adhering to these additional tips, you can maximize your chances of being approved for PayLater and enjoy the convenience of deferred payments.