For now, Pathao Food users can choose ‘Pay Later’ as their payment method to complete their order with a single tap. The initial spending limit is BDT 2,000, which will be replenished upon repayment.
Pathao will not charge the user for the ‘Pay Later’ feature. The full amount is due within 30 days of the end of a 15-day spending period after which there will be a late charge of up to BDT 200.
Pathao would send regular reminders as repayments become due. Repayment must be made using any digital payment method, and users can pay in parts within the 30-day window.
The feature is currently available to Pathao Food's most loyal users, determined with the platform’s advanced data and analytics engine. It will be expanded to those who qualify and to other services in stages from the first quarter of 2022.
"The time is now for consumers in Bangladesh to get the ease-of-use one expects in developed countries. The launch of the 'Pay Later' feature is the first of many steps in that direction," said Fahim Ahmed, CEO and MD of Pathao.