The news: Ant Bank Hong Kong (one of Ant Group’s wholly-owned subsidiaries) rolled out Ant Bank PayLater for AlipayHK wallet users, per a press release.
Here’s how Ant Bank PayLater works: The buy now, pay later (BNPL) program lets AlipayHK users spread purchases worth HKD 100 ($12.87) or more across a three-month installment plan. It’s available for AlipayHK merchants and on Taobao (Alibaba’s online shopping platform). For a limited time, Ant Bank will waive handling fees.
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