Rebecca PY Ryt Bank has expanded its PayLater service to its debit card, allowing customers to choose between immediate or deferred payments across QR and card networks. The move broadens acceptance and positions the bank among the first in Malaysia to offer a more universal PayLater experience.
MALAYSIA, 24 APRIL 2026 – Ryt Bank has announced a major enhancement to its payment ecosystem, extending its Ryt PayLater service to the Ryt Card, enabling customers to choose between paying immediately or deferring payments across a wider range of transactions.
With this update, Ryt PayLater is no longer limited to DuitNow QR transactions. Customers can now use the feature via card payments on the Visa network, allowing seamless usage whether scanning QR codes in-store, shopping online, or making payments at physical terminals. The integration combines Malaysia’s nationwide DuitNow QR infrastructure with Visa’s global acceptance network, which spans over 150 million merchants worldwide.
This expansion positions Ryt Bank among the early adopters in Malaysia to offer a PayLater solution embedded within a debit card, significantly broadening its usability. Unlike conventional Buy Now, Pay Later (BNPL) services that are often restricted to specific merchants or platforms, Ryt PayLater on Card enables consistent usage across online, offline, and QR-based payments.
To drive adoption, Ryt Bank is offering 1.2% cashback for new users on eligible PayLater transactions. Additionally, users of the physical Ryt Card can earn RM12 cashback upon completing five transactions with a minimum spend requirement, effectively offsetting the card fee.
Wilson Soon, Interim CEO of Ryt Bank, said the enhancement is aimed at simplifying financial flexibility. By integrating PayLater directly into the card, customers gain greater control over how and when they pay, whether instantly or over time.
Ryt PayLater provides eligible users with up to RM1,499 in instant credit. Users can also benefit from 0% interest if they settle their balance within the first statement cycle, offering a low-risk way to manage short-term expenses. Transactions remain secure and widely accepted across both card and QR payment channels.
The new feature aligns with Ryt Bank’s strategy to deliver practical, customer-centric financial tools that integrate into everyday spending habits. Through the Ryt Bank app, users can monitor transactions, manage repayments, and access rewards in a single platform.
Looking ahead, the bank also revealed plans for Ryt Invest, an upcoming wealth management feature that will be integrated into its app. The product aims to make investing more accessible while allowing users to manage spending and investments within a unified ecosystem.