‘Buy now, pay later’ is not dead
Key players have retreated, but BNPL remains a growth engine in large marketplaces
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Claudia Chong
TWO of the region’s largest e-commerce players are doubling down on “buy now, pay later” (BNPL) services, even as this short-term financing product undergoes a reckoning.
Indonesian tech company GoTo said on Mar 19 it is preparing to launch a BNPL product with social media platform TikTok, months after it struck a deal to merge its e-commerce unit Tokopedia with TikTok Shop.
Do these two companies know something about the sector that other players don’t?
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