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GlobalData : Buy now and pay later all set to disrupt e-commerce payments in APAC, says GlobalData

10 Mar 2021
Buy now and pay later all set to disrupt e-commerce payments in APAC, says GlobalData
Posted in Banking
Buy now and pay later (BNPL) has emerged as a viable credit option for e-commerce purchases in Asia-Pacific (APAC) as several payment companies are now offering this service, says GlobalData, a leading data and analytics company.
An analysis of GlobalData s E-Commerce Analytics reveals that the APAC e-commerce market is set to grow at a compound annual growth rate of 17.6% from US$1.2 trillion in 2016 to US$3.6 trillion in 2023.
Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: The COVID-19 pandemic has not only adversely affected businesses but also consumers disposable income. As a result, with rise in demand for consumer financing and growing e-commerce sales buy now and pay later service has emerged as a major short-term borrowing tool for consumers. ....

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Prime Minister Jacinda Ardern's cabinet meets later today to decide Auckland's alert level fate

Prime Minister Jacinda Ardern s cabinet meets later today to decide Auckland s alert level fate
10 Mar, 2021 08:56 PM
4 minutes to read
The vaccine rollout is aiming to reach 2 million Kiwis within four months with people at higher risk if they catch Covid-19 being the next in line behind border and healthcare workers.
The vaccine rollout is aiming to reach 2 million Kiwis within four months with people at higher risk if they catch Covid-19 being the next in line behind border and healthcare workers.
Jason Walls is a political reporter for the New Zealand Heraldjason.walls@nzme.co.nz@Jasonwalls92
Prime Minister Jacinda Ardern s Cabinet is yet again poised to make the call as to whether Auckland is ready to move down alert levels and join the rest of the country at level 1. ....

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Buy now pay later provider aims to take bite out of $30b business credit market

Buy now pay later provider aims to take bite out of $30b business credit market
10 Mar, 2021 04:00 PM
3 minutes to read
The rise in buy-now, pay-later use has already taken a bite out of the consumer credit card market and now one provider is aiming to take on the $30 billion business credit market.
Humm, which
was previously called FlexiGroup, has launched a buy-now, pay-later service for small and medium-sized companies allowing them to access up to $30,000 with no interest for up to six months.
Read More
Chris Lamers, Humm s deputy group chief executive who is Auckland-based, said just like consumers, businesses were looking for more flexible cashflow options. ....

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Double tragedy: Christchurch woman reveals in new book how she survived death of husband, son within 16 days

Double tragedy: Christchurch woman reveals in new book how she survived death of husband, son within 16 days
10 Mar, 2021 02:34 AM
6 minutes to read
NZ Herald
When Christchurch woman Julie Zarifeh lost her husband to pancreatic cancer she never imagined that 16 days later she would also lose her son in a tragic rafting accident.
The family s grief was immense and at the time Julie Zarifeh told the Herald she felt she would not ever truly be happy again .
To experience both ends of the grief spectrum in a two-week period – the very sad but anticipated bereavement of Paul, but then the acute, tragic, shock loss of eldest son Sam – is truly indescribable, she said. ....

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Bethany Frankel tears into 'fairly unknown actress' Meghan Markle

Bethany Frankel tears into fairly unknown actress Meghan Markle
7 Mar, 2021 10:24 PM
3 minutes to read
Perpetuating falsehoods about us - Meghan slams the royal family in the most recent trailer for her and Prince Harry s interview with Oprah Winfrey. Video / CBS
Perpetuating falsehoods about us - Meghan slams the royal family in the most recent trailer for her and Prince Harry s interview with Oprah Winfrey. Video / CBS
NZ Herald
Cry me a river, began the explosive tweet from former Real Housewives of New York star Bethany Frankel. Clearly irked by Markle s lucrative interview deal with Oprah Winfrey - due to air later today - Frankel laid into the Duchess of Sussex, sarcastically empathising with her plight . ....

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