自2018年6月推出测试版以来，Pay Later计划成功简化和加速了不少使用阿里巴巴平台的小企业支付流程。在使用Pay Later的近1,000名客户中，81％表示使用Pay After比其他商业融资选项更容易申请，68％表示Pay Later帮助他们增加了在阿里巴巴上的订单量。
此外，Pay Later融资也更好地适应了小企业主的全天候性质，因为到目前为止，超过60％的Pay Later贷款是在上午8点和下午4点之外的时间申请的，而这个时间段正常的银行和贷款机构都是暂时不营业的。
Kabbage, Inc., a global financial services, technology and data platform serving small businesses, now powers the Pay Later program offered to U.S. buyers on Alibaba.com, Alibaba Group’s (NYSE: BABA) online platform for global B2B trade.
Pay Later allows millions of U.S. small businesses on Alibaba.com to obtain up to $150,000 of financing for their orders. Pay Later improves cash flow and makes global commerce more accessible for small businesses.
To apply on Alibaba.com or the Alibaba.com mobile app, small businesses connect their verified, real-time business data, such as a bank account, accounting software, payment processors and more, for a fast and paperless funding decision during the checkout process. Each purchase financed via Pay Later creates a six-month term loan with rates as low as 1.25 percent per month — a competitively lower rate than most traditional loans. There are no fees to apply, no fees to maintain the line of credit, no order transaction fees and no early repayment fees.
Since its beta launch in June 2018, The Pay Later program has simplified and strengthened payments for small businesses using Alibaba.com. Polling nearly 1,000 Pay Later customers, 81 percent indicated it is easier to apply with Pay Later than other business financing options, and 68 percent said Pay Later has allowed them to increase order sizes on the site. Pay Later financing also better accommodates the around-the-clock nature of small business owners as more than 60 percent of loans to-date have been accessed outside of normal banking hours of 8 a.m. and 4 p.m.