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Thanks @Ryzie. Many people have spoken about how bad debt will plague IOU as it ramps up the BNPL, but we know they are being selective about which merchants they take onboard and also their e-KYC capabilities also allows them to accept higher credit worthy individuals.

Add to that the customer base from IDSB who are also low credit risk and although we can never say for certain, I believe our bad debts will be one of the smallest compared to others who are in the BNPL space. The news you've listed above also helps reconfirm that when it comes to the Malaysian market. The issue for some other BNPL companies is they accept anyone and everyone - both merchants and clients - hence their growing bad debt levels.

I believe we are in a much better position than others. It may mean the growth is slower, but I would prefer slower growth with solid consumers and merchants, rather than fast growth with an unhealthy bad debt ledger.