Ant Group continues to broaden its product vary in Asia, rolling out a BNPL providing in Hong Kong and small enterprise loans in Singapore.
Customers will have the ability to pay in instalments when purchasing on AlipayHK’s community of retailers in addition to on e-commerce platform Taobao.
Yvonne Leung, chief govt, Ant Financial institution (Hong Kong), says: “By AlipayHK’s established, strong service provider community, our customers can take pleasure in purchasing with many of the native on-line retailers by selecting to pay in interest-free instalments.”
Individually, Ant Group’s just lately launched Singaporean digital wholesale financial institution, Anext, is to begin providing loans to SMEs.
Small corporations can apply for loans of between S$5000 and S$100,000 through companions IN Monetary Applied sciences and Bizmann System.