EOGSBEastern Orion Global
For merchants and their customers

Instalments for every counter.

Buy now, pay later for small merchants, under the partner bank's own brand. The shopper pays over time. The merchant is paid in full, upfront.

Talk to us about iPayLaterHow it works
iPayLater shopper app, rebuilt with demo data in Malaysian ringgit. Merchant anonymised.
Status
Credit, settlement, fraud and loyalty engines built and tested
Ready for pilot
Credit provider
Under its own brand and licence
Partner bank
Merchant settlement
Paid in full, upfront
Guaranteed
Pricing
Merchant fee per sale
Pay as you sell
01Capabilities

Responsible by design.

Malaysia's Consumer Credit Act 2025 came into force on 1 January 2026, and BNPL providers must be licensed by the Consumer Credit Commission from 1 June 2026. iPayLater keeps the credit with a regulated bank.

QR checkout

In-store and online, with instant digital KYC and automated credit scoring at the point of sale.

Affordability first

Affordability checks, clear disclosures and multi-layer fraud controls built in.

The bank’s credit

The partner bank is credit provider of record, under its own brand, inside its regulatory perimeter.

Payroll-verified income

Where a shopper uses CIXOR PayDay, iPayLater can use verified income, with consent, instead of thin checkout signals.

Merchant dashboard

Sales, settlements and repayments in one view.

Loyalty engine

Rewards that bring customers back to the merchant.

02How it works

From checkout to settled.

  1. Shopper scansChooses instalments at checkout.
  2. Instant checkDigital KYC, affordability and scoring.
  3. Bank approvesOn its own credit policy.
  4. Merchant paidIn full, upfront.
  5. Shopper repaysTo the partner bank, in instalments.
Questions

iPayLater, answered.

Does the merchant carry the credit risk?

No. The merchant is paid in full upfront. The partner bank is the credit provider and collects the instalments.

What does it cost a merchant?

A fee per iPayLater sale. There is no upfront cost to start.

Does it run on card rails?

No. It runs on a closed-loop payment exchange, which removes card-rail costs.