Delayed instalment repayment of goods from point-of-purchase, or Buy-now-pay-later (BNPL) scheme has been growing fast since the beginning of Covid-19 pandemic. For example, Kredivo company works with major e-commerces in Indonesia, and has ~50% of the wallet share of transactions with partnering e-commerces. Recently, Kredivo launched ‘Flexi Card’, a card that allows users to transact with any merchants in Indonesia with electronic data capture systems (“EDC”). Flexi card offers monthly interest of 2.6%, with up to 12 monthly instalments, and has 5 million active users. In addition to fintechs, banks are looking at the BNPL opportunity. For example, BRI bank launches ‘Ceria’ app for consumers’ BNPL transactions, and announces its 115% year-on-year growth in transaction growth, reaching US$16 million (IDR 230 billion).