Singapore: Malaysian sports retailer Al-Ikhsan has deployed Pin Labs’ point of sale (PoS) solution across 136 stores.
Al-Ikhsan also has an exclusive retail partner for Liverpool Football Club (LFC) in Malaysia. With this deployment, Al-Ikhsan and Pine Labs will provide affordable instalment purchase options to sports enthusiasts in Malaysia and enable a seamless in-store payment experience as well.
Pine Labs PoS solution is a fully integrated tech stack of payments, wallets, gift cards, and Buy Now Pay Later (BNPL) and some of the top retailers across Asia use it. Availing BNPL offers on Pine Labs PoS terminals and the availability of leading issuers on a single unified platform are all factors that will help retailers aiming to boost sales in these tough times.
Pine Labs has a commanding 95% market share of offline BNPL services in India and through its subsidiary, Pine Payment Solutions has launched BNPL in Malaysia.
“For nearly 30 years now, we have fueled this passion for sports in the country by providing high-quality sports footwear, apparel, and equipment by focusing on our core purpose i.e. to keep Malaysia fit and active by making sports affordable for all,” said Vach Pillutla, CEO, Al-Ikhsan Sports Sdn Bhd.
“Our customers now have the option of seamlessly converting their purchase at any of our stores into easy instalments and bring home top-quality products from our extensive range,” added Pillutla.
“With the deployment of more than 180 Pine Labs PoS terminals across their 136 stores in Malaysia, their customers now have another reason to rejoice as they get a plethora of payment options to choose from and the ability to convert a purchase into no-cost instalment purchase in a few taps of our PoS device,” said Sharad Gulhar, Head – Merchants and Brands Business APAC, Pine Labs.
“We are confident that this relationship will grow in the times to come and offer sports enthusiasts in the country a good reason to stay sharp and stay fit in an affordable manner,” added Gulhar.
Pine Labs is expanding its Pay Later proposition to other parts of Southeast Asia as well. Last year, Pine Labs announced it will launch an integrated pay later instalment solution in partnership with Mastercard to markets like Thailand, the Philippines, Vietnam, Singapore, and Indonesia.