Australia says it will introduce law to regulate buy-now-pay-later sector
BNPL services will be viewed as a credit product in a bid to protect consumers.
Unfazed by global trends, Indonesian BNPL players keep the torch burning
With demand growing, competition and challenges have also multiplied.
Singapore BNPL startup Optty raises $3m so far in latest funding round
Optty is also buying back shares from co-founder Mark Russell, who is exiting the company.
Apple launches BNPL service, set to disrupt US fintech sector
Apple Pay Later will allow users to split purchases into four payments spread over six weeks with no interest or fees.
Indonesian fintech Akulaku may raise $200m from Japan’s MUFG
Akulaku could be valued at around $1.5b, the report said.
Australia’s BNPL sector may soon come under consumer credit regulation
Regulators propose to regulate BNPL with the same law that covers credit card and mortgage providers.
Australia mulls credit card laws to regulate BNPL lenders
Applying credit laws to BNPL would be Australia’s toughest measures yet for the industry.
Vantage Point: IDX’s upcoming economy board to spur more listings in Indonesia
Companies with minimum assets of $134m can list on the new economy board.
Australian BNPL firm Zip’s annual loss widens as inflation chokes
Zip had last month dumped a buyout of US rival Sezzle Inc.
Indonesian fintech startup Fairbanc raises $4.8m and other SE Asia deals
The pre-Series A round was led by Vertex Ventures Southeast Asia and India.
