World first ‘Eat now, pay later’ app in Melbourne & Sydney

Australian-founded company payo is shaking up the hospitality scene with its world-first, dining focused ‘buy now, pay later’ (BNPL) app.

MEDIA RELEASE

13 July 2021

PAYO LAUNCHES ITS WORLD-FIRST ‘EAT NOW, PAY LATER’ APP IN MELBOURNE & SYDNEY

Launching today, Australian-founded company, payo is shaking up the hospitality scene with its world-first, dining focused ‘buy now, pay later’ (BNPL) app. After its successful introduction in the Brisbane market, as of today, payo is also now available in both Melbourne and Sydney.

Encouraging consumers to dine out, the innovative app applies the BNPL technology that consumers know and love, to the hospitality industry. With the ability to split the bill into four equal, interest-free payments, paying with payo means you can now tick-off your restaurant wish list and experience all the culinary delights you’ve been dreaming of.

Payo’s world-first offering is also playing an important role in paving a much-needed path to recovery for the hospitality industry, which has been significantly impacted by Covid-19 and the subsequent lockdowns. The launch of the app and its QR code payment functionality marks a milestone as it is the first of its kind specific to hospitality and has been met with a warm welcome from restaurateurs alike. Over the past three months, the top 20 performing partners in Brisbane have received thousands of transactions and the average order value from payo customers has increased by 50%.

Payo Co-founder and CEO, Taf Chiwanza, said, “The industry has been through a rough time with restaurant closures and simultaneously, a drop in discretionary spending. By unlocking the BNPL offering within the restaurant space, we hope payo can be a part of the rebuild solution by driving increased traffic into restaurants. We want to encourage customers to enjoy unique dining experiences by giving users the opportunity to better manage their cashflow and still enjoy themselves, so they don’t miss out these moments.”

The apps functionality also allows diners to discover places to eat, filtered by location, cuisine, offers, and more. Customers can also call restaurants directly to make a booking via the app as well as track their spending.

With a mouth-watering line up of over 500 restaurants, cafes and bars having already partnered with payo, diners can search, book and pay at the likes of Sydney’s Butter, Tokki and Khoi, as well as Melbourne’s ever-popular Morris Jones, Asian Beer Cafe and Bomba Bar. But that’s not all… payo users will also be rewarded for dining at selected partnering restaurants with exclusive, limited time offers.

Many restaurants have already seen the benefits of partnering with payo, including Brisbane seafood restaurant, St James Crabhouse. “The setup was fast and easy and operationally it lives with everything else we use,” said owner Mariyam Tajudeen. “Our average order value for payo users is 60% higher. We are happy to recommend payo to any of our customers, and any other restaurants.”

Whether you’re an experienced diner or good-timer, go there with payo. Download the payo app today.

While Sydney-siders are not able to fully embrace the dining scene due to the current lockdown, payo will be ready and waiting for them when it’s safe to do so.

Payo is available for iOS and Android users only.

– ENDS –

For media enquiries, please contact iD Collective.

Ashleigh Bonetti
Account Director
(03) 8554 4888
ashleighb@idcollective.com.au

Liana Gardy
Account Manager
(03) 8554 4888
lianag@idcollective.com.au

Founded by Scott Lai, Taf Chiwanza and Sean Donnelly, payo’s mission is to support the hospitality industry by encouraging more people to dine out and enjoy more, with the aim to make every dining experience a memorable one. payo customers can eat and drink at payo partner restaurants, cafes and bars and pay the bill in four fortnightly instalments with zero interest simply by scanning a QR code, providing a contactless experience. payo also offers users access to exclusive, limited time offers at participating venues.

Payo is the pioneer of Buy Now, Pay Later (BNPL) in the hospitality industry in Australia and even worldwide. The company launched in Australia in March 2021 and is currently available in Brisbane, Sydney, and Melbourne with plans to expand nationwide.

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