Fintech

BNPL to Grow Nearly 9-Fold through 2025 in Southeast Asia

In Southeast Asia, the rise in Internet penetration and smartphone usage, coupled with the region’s booming e-commerce sector and large population of unbanked, are providing fertile ground for alternative payments to strive. Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows consumers to make purchases and pay for them over time, have grown considerably over the

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In Vietnam, Rural Adoption Is the Driving Force for Cashless Payments

In 2022, cashless payments continued to see increased usage in Vietnam, carrying on a trend that accelerated with the COVID-19 pandemic. This trend is emerging at the expense of cash usage which continued its decline last year. In 2022, non-cash payment transactions, including card payments and e-wallets, increased by 85% in volume and 31% in value, data from to the

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