The etailer is taking a more aggressive approach after imposing surcharges in Australia and Singapore.

Ria Money Transfer and Wise each forged global payment partnerships, and Singapore and Malaysia linked their payment systems.

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.

Countries mentioned: China, Indonesia, Malaysia, Philippines, Singapore, South Korea, Thailand, Vietnam. Key companies: Lazada, Shopee. Essential stats: Retail ecommerce sales grew by 35.2% in Southeast Asia last year and will rise by an additional 14.3% in 2021 to reach $45.07 billion, according to our forecast.