, Indonesia
Photo courtesy of Rami Al-Zayat.

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.

TMRW by UOB has launched TMRW Pay, a buy now pay later e-commerce service available to Indonesians.

Users have the choice to defer payment services with zero-interest for up to 90 days. Instant credit approval is granted through TMRW’s partner, Bhinneka’s website and app.
According to the FinTech in ASEAN 2021 report, deferred payment services have emerged as a popular digital payment in the region. One in three consumers indicated that they have used or will use such payment methods. 

In the same study Indonesian consumers reportedly expressed the highest interest in using deferred payment services (42%) to take advantage of amortised payments for their online purchases.
UOB data shows that from January to October 2021, more than half of the transactions on TMRW credit cards were for e-commerce purchases, according to Hendra Gunawan, president director, UOB Indonesia.

“As e-commerce activities continue to grow, consumers are seeking alternative modes of financing to manage their budgeting needs and we anticipate that deferred payment services will become more popular,” Gunawan said, adding that this was why they partnered with Bhinneka to offer BNPL services to Indonesians.

Follow the links for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News

BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years Co-Written / Partner
BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.