buy now pay later

It’s not as urgent as other markets with credit under-penetration, says TMRW Digital Group CCO.

They are amongst the first bank in the city to roll-out buy now, pay later services.

Assets of fintech players in the country grew by more than IDR1t or by over $70m.

Buy Now Pay Later (BNPL) has seen remarkable growth in recent years and is on track to achieve a global market value of US$700b by 2023. This 90% compound annual growth rate (CAGR) reflects the growing penetration of this simple transactional instrument—consumers purchasing a product now with the agreement to pay for it later.

And Mastercard bets on crypto with acquisition of CipherTrace.

Afterpay accounts for 7.7% of Australia’s e-commerce market.

Bypassing credit cards, the payment instalment options prove to be attractive.

FavePay Later offers interest-free flexible payments on the Fave app.