‘Buy now, pay later’ is not dead

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?