BNPL

Analysts of UnaFinancial forecast that by 2027, the Buy Now, Pay Later (BNPL) market in Southeast Asia will reach $53.2 billion across six key countries, with Indonesia leading at $16.8 billion and making up 32 percent of the market. The Philippines and Malaysia will experience the fastest growth between 2024 and 2027, with the Philippines projected to grow…

In the long run, an effective fraud protection strategy will enable businesses to scale with confidence as they offer new payment services, add to product offerings, or even expand their business across borders.

Southeast Asia super app Grab and Sea Ltd’s e-commerce platform Shopee have started providing BNPL options in Malaysia since last year. Advance Intelligence Group’s Atome, Pine Labs’ Fave, Allectus Capital-backed Hoolah, 500 Startup-backed Split are among the FinTech startups that provide such services in the country.

This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region.

The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, complementing the company's existing cross-border ecommerce business in the country, PayPal said.

Eligible users will be able to split purchases over three equal, interest-free installments. Repayments will be automatically drawn every month, with no fees charged for on-time payments. In addition, customers will earn up to 10 percent cashback with every purchase.