More Pinoys do buy now, pay later transactions

Nearly 50 percent of respondents in the Philippines are likely to adopt buy now, pay later (BNPL) services for future transactions, according to a survey from consumer research and data analytics company Milieu Insight.

- LOUELLA DESIDERIO

The survey showed 48 percent of Filipino respondents are likely to use a BNPL service to purchase an item in the future.

Conducted to get perspectives on BNPL in Southeast Asia, the survey covered 500 respondents each in the Philippines, Singapore, Thailand, Indonesia, Malaysia and Vietnam.

BNPL allows consumers to purchase items immediately without having to pay the full amount at once.

Across the six Southeast Asian countries, 57 percent of respondents said they are likely to use BNPL for a future purchase.