Key findings from the ROSHI report include:
“Our research clearly shows that BNPL is not just a trend, but a fundamental shift in how younger generations approach credit and spending,” said Amir Nada, CEO of ROSHI. “As a fintech leader in Southeast Asia, we’re at the forefront of this revolution, developing innovative solutions that cater to the evolving needs of Millennials and Gen Z.”
The report highlights that younger consumers prefer BNPL due to easier access, minimal credit checks, and an aversion to traditional credit card debt. This shift presents both challenges and opportunities for traditional financial institutions and emerging fintechs alike.
“The BNPL boom in Singapore is just the beginning,” added Trịnh Mai Thanh, Lead Researcher at ROSHI. “We’re seeing similar trends across Southeast Asia, indicating a broader regional shift in consumer financing preferences.”
ROSHI’s report also examines the potential risks and benefits of BNPL for consumers and the wider economy. While BNPL offers increased purchasing flexibility, the report emphasizes the need for responsible lending practices and financial literacy programs to ensure sustainable growth in the sector.
The full report, is available at https://www.roshi.sg/buy-now-pay-later-in-singapore-report/
Hashtag: #ROSHI
The issuer is solely responsible for the content of this announcement.
HONG KONG SAR - Media OutReach Newswire - 24 October 2024 - PAKT has been…
HONG KONG SAR - Media OutReach Newswire - 24 October 2024 - Paul Chan, Financial…
HONG KONG SAR - Media OutReach Newswire - 24 October 2024 - EFT Solutions Holding…
Strategy game combining traditional chess and a magic system in a decentralized framework further expands…
Call for Submissions from Tertiary, Secondary and Primary School Students Showcase their Ideal Green and…
SINGAPORE - Media OutReach Newswire - 24 October 2024 - Senoko Energy, one of Singapore's…