Sugar

#Buy Now Pay Later (BNPL)

Sugar was founded by Dylan Tan from Malaysia and Vishvesh Suriyanarayanan from India. Initially operating on a “Buy Now Pay Later” (BNPL) model, Sugar pivoted to a “Save Now […]

Certified payment providers N/A
    Market coverage 2
    • Malaysia
    • Singapore
    Currencies N/A
      Description

      Sugar was founded by Dylan Tan from Malaysia and Vishvesh Suriyanarayanan from India. Initially operating on a “Buy Now Pay Later” (BNPL) model, Sugar pivoted to a “Save Now Buy Later” (SNBL) model due to concerns about encouraging impulsive spending and debt issues tied to BNPL schemes. Sugar offers an app that facilitates fun and easy saving for desired items. Users can set up personalized savings plans and make payments at their own pace. Additionally, Sugar’s cashback rewards program allows users to earn up to 100% cashback with each payment made.

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      Frequently Asked Questions

      What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

      NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

      What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

      Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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