Taking a massive hit to your wallet can hurt, which is probably why we’ve embraced payment methods like Afterpay and Zip – whether it’s for a new gadget, an emergency furniture replacement, or a spur of the moment shopping spree.

But what about those special-occasion meals in fine diners? Or when you want to shout your team a round of drinks at the pub? A new Aussie start-up has a solution.

Payo is a dine now, pay later app that lets you leave the bill for another day – by paying for it over four smaller payments, interest free.

It launched in Brisbane earlier this year and has since expanded to Sydney, Melbourne and the Gold Coast, with more than 700 participating restaurants, cafes and bars across the four cities.

The app has a directory of venues that accept Payo, so you can filter by cuisine, location and special deals. The app also allows you to make a booking, and it keeps track of your spending so you know how much you’ve splashed out. QR codes help you follow pending payments, and you can split each bill into four equal instalments.

During its Brisbane trial, the average order value from Payo customers was up 50 per cent on regular orders, the app allowing customers to push the boat out without burning a gaping hole in their bank balance. Payo users also have access to exclusive, limited-time offers from partner restaurants.

In Melbourne, Payo is available to use at Bomba, Dakota, Katori, House of Lulu White, Chef David, The Grace Darling Hotel, Cafe Lafayette, Morris Jones and nearly 200 others.

The Payo app is available on the App Store and Google Play. Late payments incur a $10 fee per instalment.