- Sydney-based Credit Intelligence (CI1) has launched YOZO, a buy-now-pay-later (BNPL) digital platform, in Hong Kong
- Hong Kong is the first Asian city serviced by the platform
- YOZO is aimed at the city’s small-to-medium-enterprise market, which has more than 300,000 active businesses
- CI1’s BNPL service in Hong Kong will be similar its Australian offering
- The company is considering expanding its BNPL services to other cities, including Singapore and Malaysia
- Credit Intelligence shares are down 10.3 per cent, trading at 3.5 cents each
Credit Intelligence (CI1) has launched YOZO, a buy-now-pay-later (BNPL) digital platform, in Hong Kong.
The city is the first selected in the Asian market to launch the company’s BNPL services.
The advanced automated intelligence platform will service Hong Kong’s small-to-medium-enterprise (SME) market, which has more than 300,000 active businesses.
Credit Intelligence, a debt restructuring and personal insolvency management business based in Sydney, has already established a strong presence in Hong Kong.
Its provision of BNPL services to Hong Kong will be similar to those it provides to Australian businesses.
The company says it is considering other Asian cities, such as Singapore and Malaysia, for its next BNPL service expansion.
Credit Intelligence shares are down 10.3 per cent, trading at 3.5 cents at 9:32 am AEDT.