WeLab and Apple Authorized Resellers Launch “Subscribe + for Apple Products”
The first such program in Asia
Posted: October 6, 2021 at 12:10 am MDT|Update: 39 minutes ago
HONG KONG, October 6, 2021 / PRNewswire / – WeLab, a leading fintech company in Asia, Launches Innovative Subscription Program for Purchasing Apple Products from Apple Authorized Resellers – Subscribe + for Apple products. Customers can purchase Apple products through the subscription program using the new Pay WeLab powered by WeLend Platform. For as little as HK $ 204 per month, customers can own the latest iPhone 13 (128GB storage) or HK $ 152 for a MacBook Air (256GB storage). WeLab is the first and only financial services provider in Asia offering this program for the purchase of Apple products. FORTRESS is the first retail partner to offer this unique program seamlessly through its extensive network of over 70 physical branches as well as its online store at Hong Kong.
Main characteristics of the Subscribe + for Apple products program:
- Guaranteed trade-in option at the end of the term
- Deduct the trade-in value up front, making monthly payments as low as $ 58/ month for a 10.2-inch iPad (64 GB of storage), with no hidden fees or other upfront fees
- From 0% interest rate
- Customers can continue to enjoy reduced monthly payments on future device upgrades
“The The launch of WeLab Pay is our innovative adaptation of the popular subscription model, powered by WeLab technology tailored to customer preferences. In Hong Kong, consumers are always looking for more transparent and better payment options that meet their spending needs. With the launch of Subscribe + for Apple products in Hong Kong, WeLab offers customers, in particular the new generation of – Gen Zers and Millennials — with a game that changes way to buy Apple products with more flexibility in spending. The most unique part of this program is the innovative mechanism – by first deducting the high trade-in value of Apple products, before calculating monthly payments, this offers great value and allows low monthly payments for customers. The trade-in value of the device can be carried forward for future upgrades from Apple, creating a perpetual discount on the list price of the device as long as they remain customers of this program.!” noted Simon loong, the founder and CEO of the WeLab group.
“FORTRESS is committed to providing an innovative O + O shopping experience to meet customer needs and stay up to date with their lifestyles and purchasing behaviors. We are delighted to strengthen our partnership with WeLab, offering this first on the market Subscribe + program for Apple products to our customers with a flexible and seamless integration of the O + O shopping and payment experience. Customers can visit our FORTRESS stores and online store to bring their favorite Apple products home, school or office by subscribing to this plan for great convenience and payment flexibility. At the end of the plan period, customers can return their device to FORTRESS and renew it with the latest models, or keep their device by paying the trade-in value “, noted Clarice Au, general manager of FORTERESSE.
Subscribe to Subscribe + for Apple products online is quick and easy, via the WeLab Pay platform and will only take around 5 minutes at a point of sale. Customers can design their plans based on their needs and the approved expense credit. For iPhone and Apple Watch, WeLab offers a 24-month subscription period. For iPad and Mac, the subscription term is 36 months. At the end of the subscription period, customers can either renew the program and upgrade to a newer model by simply swapping the device; keep their devices by reimbursing the trade-in value and the last amount of the monthly payment; or simply return their devices to participating Authorized Apple Resellers with trade-in value.
Please refer to the official website for full details and terms and conditions – https://subscribe-plus-for-apple-products.welend.hk/en/.
WeLab, a leading fintech company in Asia, operates one of the first digital banks licensed in Asia – WeLab Bank, as well as multiple online financial services with leading positions in Hong Kong, Mainland China and Indonesia, with nearly 50 million individual users and more than 700 corporate clients. WeLab uses revolutionary technology to help customers access credit, save money, and enjoy their financial journey.
Leveraging proprietary risk management technology, patented privacy techniques and advanced AI capabilities, WeLab offers mobile-based consumer finance solutions and digital banking services to individuals and technological solutions for corporate clients.
WeLab operates in three markets under seven key brands, including WeLend and WeLab Bank in Hong Kong, WeLab Digitame, TaoxinjI, Gug walletyou, and Tianmian TecHellon Mainland China and Maucash in Indonesia.
WeLab is backed by the most renowned investors including Allianz, China Construction Bank International, International Finance Corporation (part of the World Bank Group), Malaysian sovereign wealth fund Khazanah Nasional Berhad, TOM group of CK Hutchison and Sequoia Capital.
To learn more, please visit: www.welab.co, or follow WeLab on LinkedIn and Facebook.
For media inquiries:
Email: [email protected]
 The official name of the WeLab Pay platform is “WeLab Pay powered by WeLend”.
 The “Subscribe + for Apple Products” program will be gradually rolled out in FORTRESS stores, starting with 22 stores designated in the first phase.
 On the purchase of a 10.2-inch iPad (64GB storage) at a retail price of HK $ 2,599.
 The actual monthly payment is subject to interest that may be payable under the program based on your credit score.
 Trade-in eligibility and trade-in value will vary depending on the actual condition and extent of damage to the device (s).
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