Micro loans are Asia’s hottest fintech products as Gen Z and millennial online shoppers prefer to buy now, pay later

Dec 3, 2021 | INVESTING

For Marcus Khoo, perfumes and oil diffusers were never high on his shopping list. They would have sat idling in his online shopping cart, were it not for a hire-purchase instalment payment option that tipped the balance in his decision.Using a service called Rely, Khoo divided his S$56 (US$41) shopping bill into four fortnightly instalments, free of interest. The Singapore-based start-up, founded in 2016, plugs into dozens of stores that sell fashion, accessories and electronics, including the…

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