Manage spending more easily with 'Split purchase' on Mox Credit

Mox Bank launched another new feature on Mox Credit called ‘Split purchase’. Mox Credit customers can easily split eligible Mox Credit transactions of HKD400 or more authorised from 26 July 2021 onwards into equal monthly instalments, ranging from 3 to 36 months.

As an introductory offer, Mox Credit customers can split an eligible Mox Credit transaction of up to HKD8,000 over 3 months for just HKD1 in total fees and interest. Mox Credit customers can select longer payment timeframes - up to 36 months - and/or split higher Mox Credit transaction amounts and they’ll clearly see the applicable fees and interest in the Mox app before submitting their Split purchase application. Application response is instant. They can have up to 5 Split purchases active at the same time. Application is also simple - select the eligible Mox Credit transactions you want to split in the Mox app, and follow the instructions.

Deniz Güven, CEO of Mox, said: “Spending with the Mox Card has become very popular. With around 150,000 customers, our Mox Card has been used almost 5 million times. ‘Split purchase’ is another new feature that empowers Mox Credit customers to better plan their spending budgets and take control over their monthly cashflows where they can buy now and pay later. It is easy, convenient and fast. Customers can now make all the right decisions when they spend.”

No documents are required for a ‘Split purchase’ application. Once the application is approved, the one-off fee and each monthly instalment for the ‘Split purchase’ will be charged to Mox Credit and show on the Mox Credit statement.