Buy Now, Pay Later (BNPL) services are being widely-adopted in...

Buy Now, Pay Later (BNPL) services are being widely-adopted in Southeast Asia. BNPL service providers allow consumers to pay for products via flexible instalment plans. Major Fintechs offering BNPL options in the Southeast Asian region include Grab, GoJek, Razer, Oriente, among others.

BNPL is a fast-growing global market that’s expected to expand from $7.3 billion in 2019 to approximately $33.6 billion in 2027 at a compound annual growth rate (CAGR) of 21.2%, according to a report from Coherent Market Insights.

The Asia-Pacific or APAC region is expected to become the world’s fastest-growing BNPL market due to the rising number of Internet users. Around 40 million new users joined the booming digital economy in Southeast Asia in 2020, which brings the total Internet users in the region to around 400 million

https://www.crowdfundinsider.com/2021/01/171354-buy-now-pay-later-or-bnpl-market-in-southeast-asia-is-growing-rapidly-with-fintech-firms-like-grab-razer-offering-flexible-purchasing-plans/