The use of Buy Now, Pay Later (BNPL) in Indonesia continues to show positive growth. The proportion of consumers who use pay later services more than once a month is increasing rapidly.
It is common nowadays for BNPL companies to partner up, creating an even larger financially inclusive ecosystem. Peer-to-peer (P2P) lending-based financial technology (fintech) providers are collaborating with payment gateways to form BNPL services.
Despite the vast growth of the Buy Now Pay Later (BNPL) services, with fintech companies abounding in the nation, new challenges are coming into play. One of the biggest challenges facing these players is to evaluate the credit quality of potential customers before approving their applications to access pay later services.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Indonesia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Indonesia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.See All of Our Definitions
This report originates from Passport, our Consumer Credit research and analysis database.
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