All of the below statement is personal observation and opinion of TS's and does not reflect the real workings of the world.

As the country grows, perhaps the wealth gap widens if this is not addressed carefully through policy and fiscal stimulus in the market, creating the gap disparity.

On the observation and hypothesis of young HKers, or NYC the young are more focused on themselves, in personal and career aspects.

One will get married but does not wish to conceive a child. Hence, the hard-earned money is used to pay rents, expenses, and self-care/self-improvement/self-wants.

It can be watches, clothes, home improvement, gadgets (let's not go into big houses or cars). These are not huge in purchase prices but slowly buying it will accumulate more commitment to pay them.

There are two options, if you save enough you buy it outright or bill it on the credit card and pay end of the month.

However, there is a third option, remain a young untapped market but a few start-up is doing it.

Split your payment into three months, interest free (yes we know about 12months ezpayment, but this is different).

This 'split your payment' can be used on smaller prices products, eg Nike sneakers RM750

Split 3
RM250 per month x 3

This is definitely more appealing for people to BUY IT outright since payment is only RM250, next month is next month's problem.

Come discuss if this untapped market needs to move faster in Malaysia because AU, EU, US, CHN is moving towards that era. Recently Paypal is offering this service as well to stay relevant in the money transfer industry.

Do you think this is healthy for the young or it is still inevitable that the wealth gap will widen with this form of payment?

This post has been edited by ClericKilla: Jan 13 2021, 11:58 AM

tl; dr......


pm k-pop nancy bideo

Good for more debts

More domestic debts, but perhaps the economy can boost since faster sales.

Better 12 months also no interest.

spend within your limit.
Nike is not necessities.

You obviously dont understand the new Split payment.

good. 12 months commitment is too long.

3 months or even 2 months could be attractive to certain demographics. for example, phone 4k, split into 2 months is just 2k per month and within their affordable range.

Tldr. Each para 1 sentence. Which school u go, owai..

Why it is new? sound likes 0% monthly installment for me currently min is 6month iinm.

In my opinion, this is a great payment option. Not only it offers 0% interest but it also allow debit card usage. Not everyone has a credit card. It would be great if it has 6 month option.

I agree that 12 month is too long, however 3/6 months seems more viable. Plus we only need to pay first month as upfront payment and not having the whole total amount as a limit for the card.

For example: A basic laptop for Rm1k. This translates to Rm333.33 x 3 months or Rm100 x 6 months. Rm100 for 6 months I'd say pretty good and really affordable.

This post has been edited by jasonscottmirza: Jan 13 2021, 01:37 PM

what is there to understand ??
... you can't afford cash, installment 1yr muntah darah.
Just split those buttcheeks.

split right brehh ?? nyehhheheh

Good idea...

Yolo

the amount of the item you purchase will most likely be marked up.

Split takes 7% minimum from your sales rev. not profit, sale revenue. the seller has to mark up around 15-17% at least (based on my calculation) to actually cover the fees.

Ya noticed this

Very weird gamer hideout offer split payment for new game release

250 damn expensive

i thought i saw one of the banks can easily split your big bill payment into 3 or 6 or 12 months.

Yeah, 3 months is maximum. I hope the other realize that there is a difference between committing 3 vs 12 months.

The split payment for 3 months is interesting in the UK perspective, not because of iPhone but it applies to many other products ie , Nike sneakers, Expensive books (£220 / 3), car parts and accessories

It certainly attracts more people to spend since they know it needs to be covered in 3 monhts.

3 months vs 6months or 12months is still a difference. Long stretch on commitment vs short.


Yeah the split 3 months allows affordability although we all know the need to pay by the end of the term.... just allowing and buying time for people.

That day baru buat rim job.. spray my rims black

I see macam ok, Split takes from seller sales rev, but buyer wins because get to use Split.

unless Seller decides to markup.. then buyer still get choice to pick other options or other shops...

Not weird, if games release RM280 /3

RM 94 per month.. definitely for consumers u will feel it's affordable.

and the shop can clear inventory and improve their numbers...


i dun know. i only know im tied to 12months ez payment.

paid 4 months alredy wanna vomit

should make a poll, if you buying an item for RM750, and suddenly cashier ask
- do u want to pay full amount
- do u want to split into 3 months

how many ppl will pick the split option