buy now pay later

This comes as the share of cash payments is expected to fall further by 2025.

Afterpay remains king, whilst new players seek to carve out their own space.

Hiring the right talent and developing a good tech stack are key to success.

Consumers can use the card for online purchases with Pace merchants.

But consumers’ aversion to debt pulls back wider adoption, RFI Global found.

BNPL services could even inspire a lifetime of loyalty, according to GlobalData.

Its buy now, pay later service has received over 60,000 applications.

TMRW Pay offers deferred payments with zero-interest for up to 90 days.

Low credit penetration makes it favourable for BNPL.

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.