Details:The Ant Group-backed firm said that interest-free...

Details:

• The Ant Group-backed firm said that interest-free installment payments will add to its current lineup of offerings, including it’s in-house lending service, which disburses around US$19.8 million in loans every month.
• GCash is also piloting another loan service, offering almost US$500 for borrowers to pay in 12 months.

Dive deeper:

• The Philippines-based firm is looking to ride the BNPL wave in Asia. So far the space has seen investments from PayPal and a Twitter co-founder. (Read also: Is BNPL losing steam?)
• GCash’s plans to enter the pay-later space come after rival Tencent-backed PayMaya acquired a digital banking license in the Philippines.