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Competing to Peddle Cheap Loans

Sunday, May 22, 2022

A number of banks now offer pay-later features, just like those managed by fintech and e-commerce companies. They target millennial customers who seek easy access to consumer loans.

arsip tempo : 173222861465.

Allo Bank Indonesia Ultimate Shareholder Chairul Tanjung (left) and Allo Bank CEO Indra Utoyo deliver press statement during the Allo Bank Festival at Istora Senayan, Jakarta, May 19. ANTARA FOTO/Asprilla Dwi Adha . tempo : 173222861465.

IN front of 6,000 people who filled the Istora Senayan sports arena in Jakarta on Friday night, May 20, CT Corp Chairman Chairul Tanjung launched Allo Bank, a digital banking app. According to Chairul, Allo—an acronym for All for One—is not an ordinary digital bank. Not only does it provide savings and loans, Allo Bank also offers a pay-later feature.

To keep up with fintech companies, Allo Bank provides a pay later service, a &ldquo

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