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Traveloka Plans to Launch BNPL Services in Thailand and Vietnam

South East Asian online travel startup Traveloka announced plans to launch buy now, pay later services in Thailand and Vietnam to its 40 million active monthly users.

Traveloka’s president said in an interview to Reuters that the startup had recently partnered with a Thailand bank in a joint venture to further collaborate in the fintech space. It has also been in talks with several unnamed partners in Vietnam in a bid to enter these markets.

Having launched its financial services in Indonesia, Traveloka said that it has facilitated more than 6 million loans, launched “Paylater” credit cards with several local lenders while offering insurance and wealth management services.

Traveloka added that it could potentially acquire a bank…

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