Pay-Later Credit Boom
Sunday, May 22, 2022
The pay-later industry is flourishing and the quick credit scheme gains popularity among the millennials. The Financial Services Authority (OJK) reminds the public to be wise in using pay-later.
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JUNE will be the last month for Theresia Yogi Wirastri to pay her installments. When opening the Korean Grill restaurant in Wonosari, Gunungkidul Regency, Yogyakarta, at the end of December last year, the 30-year-old woman spent Rp4 million buying kitchen utensils and cooking raw materials. She made the purchase using the “buy now pay later” scheme on the e-commerce platform Shopee.
Theresia said that over the last two years she has
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