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.
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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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