Fashion
hoolah, Asia’s leading omni-channel Buy Now Pay Later company today announced that they will be joining Visa’s Where You Shop Matters campaign. Through the partnership, hoolah will work together with Visa to support local small and micro businesses (SMBs) in growing their online presence through social commerce, as well as enabling Malaysians to support homegrown brands by providing consumers with its Buy Now Pay Later (BNPL) payment option.
With Malaysia’s economy seeing a projected contraction of 5.8% in 2020[1] due to the pandemic, private consumption has also taken a hit as purchasing power shrunk throughout 2020. Recognising this, hoolah is further accelerating its efforts in this partnership with Visa to help retailers recover quickly. In line with the Malaysian government’s efforts to accelerate nationwide digitisation and widen digital payments adoption among Malaysian consumers and merchants, hoolah aims to aid retailers and encourage consumers to spend responsibly for a speedy economic recovery.
hoolah solves merchants’ biggest challenges of driving conversion, basket increase, customer traffic, and loyalty with a sustainable omnichannel BNPL solution that operates seamlessly, and in the most cost-effective way. Furthermore, the onboarding process is completely fuss-free for them as it is entirely digital, allowing them to deploy hoolah on their physical and online stores contact-free and with ease.
To support the local businesses in succeeding in a post-pandemic recovery world, hoolah will be waiving transaction fees for the first 100 orders paid with hoolah through a Visa card, when merchants sign up for hoolah through Visa’s Where You Shop Matters initiative.
By helping newly onboarded merchants save on merchant transaction fees, they are able to pass on these savings through exclusive discount codes to customers who complete their purchase through hoolah with a Visa card.
Arvin Singh, COO and Co-Founder of hoolah said, “We are excited to be embarking on this meaningful partnership with Visa, as it further solidifies our dedication in building meaningful engagements in our hoolah ecosystem between our partners, merchants and consumers. We’re delighted to be able to support local SMBs in Malaysia and grow their businesses with our omnichannel BNPL solution, as we push forward together in this time of recovery and growth.”
Ng Kong Boon, Visa Country Manager for Malaysia said, “With the enforcement of yet another round of movement control order and the declaration of a nationwide state of emergency, we believe that where Malaysians choose to shop can have a big impact. Frequenting local retailers not only helps businesses to survive and even thrive, but it also helps spur the nation’s economy which benefits the society. With these newly formed partnerships, we look forward to seeing more new and existing merchants joining the Where You Shop Matters program. Through this, we hope to be able to bridge Malaysians’ needs with our merchants’ myriad of offerings.”
