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Pay-Later Credit Boom

Sunday, 22 May 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.

Pay-later service offerings from several platforms displayed on smart phones in Jakarta, May 13. Tempo/Tony Hartawan . tempo : 166955969432

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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