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 rest of the regional markets we track—Thailand, Malaysia, Vietnam, Singapore, and the Philippines—land far behind Indonesia, but their relative rankings accord with expectations given each country’s population, level of economic development, and per capita income in relation to one another.