BNPL solutions provider Hoolah’s order volume jumps 600%

Shifting preference: At the onset of the pandemic last year, hoolah had seen consumer preference shifting towards using debit cards over credit cards for purchases. — Bloomberg

KUALA LUMPUR: Buy now, pay later (BNPL) solutions provider hoolah has experienced a 600% surge in order volume from May 2020 until May 2021.

General manager Jason Wong said the massive growth is a testament to the encouraging consumer demand for BNPL services across various categories, as well as in the number of blue-chip and local merchants that the Singapore-based company is in partnership with.