Splitit partnered with UAE-based BNPL provider tabby, and Singapore-based fintech Fave launched its BNPL service in Singapore and Malaysia as global appetite for installment lending services increases.
The purchase is in line with the Malaysia-based company’s October 2020 announcement of its transformation from a “digital airline” to a “comprehensive lifestyle platform.”.
It will launch in Malaysia and the Philippines in partnership with Visa. It’s in “late stage” talks with prospective collaborators to roll out in Vietnam and Indonesia. The opportunity: YouTrip has a good shot at adding SMB customers due to the large size of the market and its plans to provide a multi-currency card for businesses that operate in more than one country.
Of the 2.13 billion social network users in Asia-Pacific, 320.2 million will come from the six-country cohort that we identify as Southeast Asia—Indonesia, Malaysia, Thailand, Vietnam, the Philippines, and Singapore. In our inaugural forecast for this subregion, these countries will collectively increase their social network user base by 3.3% this year.