buy now pay later
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Digital wallets on track to be Singapore’s top online payment method by 2026
BNPL is set to surpass US$1b in transaction value by 2026.
Chart of the Week: New Zealand’s BNPL market value to reach $1.2b in 2023
By 2026, the transaction value is expected to grow to $1.9b.
Financial stability a priority for Hong Kong: finance secretary
Chan expects more support from mainland China as the latter’s economy recovers.
Buy now, pay later gains traction in Asia
BNPL brand Afterpay served 20 million customers in Australia alone.
Alternative payments inch closer to e-commerce domination in New Zealand
The growth of BNPL has pushed up adoption of alternative payments.
BNPL code launched, outstanding payments limited to S$2,000 without credit assessment
Consumers are now entitled to make full repayment without early repayment fees.
Buy Now, Pay Later firms' credit losses on the rise
The largest BNPL providers have doubled their delinquency rates over the past few quarters.
Boom or bust? Buy now pay later flourishes but with default risks rising
Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.
PayMongo, Atome offers BNPL services to 10,000 Philippine merchants
This comes as the share of cash payments is expected to fall further by 2025.
Chart of the Week: Buy Now Pay Later gains traction in Australia
Afterpay remains king, whilst new players seek to carve out their own space.
Here’s how you build a successful Buy Now Pay Later platform: study
Hiring the right talent and developing a good tech stack are key to success.
Fintech Pace launches BNPL payment card in Singapore
Consumers can use the card for online purchases with Pace merchants.
One in three Singaporean consumers turn to BNPL to manage money: study
But consumers’ aversion to debt pulls back wider adoption, RFI Global found.
Travel-seeking Millennials, Gen Z could boost buy now, pay later: study
BNPL services could even inspire a lifetime of loyalty, according to GlobalData.
Hong Kong’s livi bank doubles customer base to 200,000 by end-2021
Its buy now, pay later service has received over 60,000 applications.
UOB’s Indonesian digital bank arm launches buy now pay later services
TMRW Pay offers deferred payments with zero-interest for up to 90 days.
Commentary
Singapore's next payments opportunity
DIFC's reforms open new doors for Asian businesses: Is yours ready?
Why Asia’s private wealth industry requires a new era of governance
APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks