Swiftpay has added Billease as a buy now, pay later payment option to its online checkout, allowing merchants on the payment platform to offer installment purchases without building a separate BNPL integration.
Merchants already accepting payments through Swiftpay can enable Billease through their existing setup, while shoppers will see the option directly at checkout.
The partnership also gives Billease’s more than 10 million users access to installment payments at online merchants within the Swiftpay network using their existing Billease accounts.
The move addresses a common challenge in Philippine e-commerce, where shoppers may be willing to purchase higher-priced products if the cost can be spread over time, while merchants often avoid BNPL because adding the service can require separate API integrations, credentials, settlement files and reconciliation processes.
Through the Swiftpay integration, payment acceptance, settlement and reporting remain within the merchant’s existing processes, eliminating the need to maintain another payment system.
Credit decisions are also returned within the checkout flow, allowing customers to complete purchases in the same session instead of leaving the site to apply for financing.
Billease transactions through Swiftpay merchants are available in 6-, 9-, 12-, 18- and 24-month terms, giving shoppers more flexibility when financing higher-ticket purchases.
Interest is calculated based on the declining principal balance, meaning customers are charged interest only on the remaining balance rather than the original amount throughout the entire term.
Customers who pay their balances ahead of schedule can therefore pay less interest, while the cost of credit is disclosed upfront before they commit to the purchase.
For merchants, the integration provides several operational and commercial benefits:
- Installment payments through the existing Swiftpay online checkout alongside current payment methods
- Terms ranging from 6 to 24 months to support higher-value purchases
- No separate integration, merchant application or additional system to maintain
- Credit decisions completed within the checkout flow
- Payment upfront, with credit and collections risk handled by Billease
- Settlement and reporting through existing Swiftpay processes
- Access to more than 10 million Billease users, including customers who are new to credit or have limited access to traditional credit
“Merchants lose the sale when a customer wants the product but not the full price today. Enabling Billease through Swiftpay takes days rather than a planning cycle, and once it is on, every shopper on the site sees the option,” said Kurt Molina, Head of POS Product at Billease.
“In categories like electronics and appliances, that shows up quickly in average order value. We charge interest on the declining balance, so a customer who pays early pays less. Terms run 6 to 24 months and the peso cost is on screen before they commit.”
Swiftpay Chief Revenue Officer Damian Gil said demand for installment payments has been among the most requested payment features from the company’s merchants.
“Installments have been one of the most requested payment methods from our merchants, and the ones who looked at building it themselves found out quickly that it means running a credit business,” said Damian Gil, Chief Revenue Officer at Swiftpay.
“This removes that. A merchant on Swiftpay can offer Billease without underwriting anything, carrying any risk, or waiting on a development queue. Most Filipino shoppers do not hold a credit card, and above a certain ticket size they need a way to spread the cost or they leave the cart. Billease gives them tenors up to 24 months and pricing they can actually read, and it gives our merchants a larger addressable market without a change to how they operate.”
Billease is now integrated into Swiftpay’s checkout. Merchants can enable this feature through their account representative or by visiting https://swiftpay.ph/.
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