AhaPay said on September 29 that it had formed an alliance with Share Commerce in Malaysia to expand buy now, pay later (BNPL) acceptance through dynamic QR codes on merchant terminals.

AhaPay, a Malaysian BNPL provider that is part of fintech holding Fingular, said Share Commerce, a Malaysia-based digital payments provider, has a network of more than 5,000 merchant terminals nationwide.

This means existing merchants can accept AhaPay without new hardware.

Share Commerce offers merchant payment terminal management software and related terminal services.

AhaPay also said it is working on deeper data integration to enable automated credit pre-approvals for repeat customers across Share Commerce’s network.

The expansion comes as Bank Negara Malaysia has issued a Shariah Advisory Council ruling related to BNPL, while DuitNow QR has been described by the central bank as part of Malaysia’s digital payments infrastructure.

🔗 Source: Fingular