Digital payments are on the rise in Indonesia. Photo: Reuters
‘Buy now, pay later’ schemes take off in Indonesia’s online shopping malls, as digital loans boom
- More Indonesian shoppers are using pay-later methods to buy items ranging from jeans to flight tickets, given the ease with which a loan is approved
- But as online borrowing rises, experts warn the nation’s financial literacy needs to improve and that data-protection laws should be in place
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Indonesia
Digital payments are on the rise in Indonesia. Photo: Reuters