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LOANS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2023

LOANS RECEIVABLE, NET [Abstract]

Loan Portfolios

The following table presents the loans receivable by each of the loan portfolio:

	As of December 31,
		2022 $				2023 $
Consumer and SME loans			2,268,844				2,656,484
Other loans			45,405				150,297
			2,314,249				2,806,781
Allowance for credit losses			(238,819	)			(321,568	)
			2,075,430				2,485,213

Summary of Delinquency Status of Loans Receivable by Year of Origination

The following table is a summary of the delinquency status of the loans receivable by year of origination:

		As of December 31, 2022
		Year of origination
		2022				2021				2020				2019				2018				Prior				Total
Consumer and SME loans		$				$				$				$				$				$				$
Delinquency:
Current			2,050,721				641				807				2,790				1,702				786				2,057,447
Past due
- 1 to 30 days			70,761				206				143				97				66				14				71,287
- 31 to 60 days			49,493				341				96				490				560				190				51,170
- 61 to 90 days			44,065				581				18				16				22				–				44,702
- More than 90 days			26,308				16,718				913				146				39				114				44,238
			2,241,348				18,487				1,977				3,539				2,389				1,104				2,268,844
Other loans
Delinquency:
Current			918				6,159				30,778				4,134				1,282				923				44,194
Past due
- 1 to 30 days			10				37				117				148				13				–				325
- 31 to 60 days			–				–				38				249				32				–				319
- 61 to 90 days			–				22				–				1				42				2				67
- More than 90 days			–				64				105				212				79				40				500
			928				6,282				31,038				4,744				1,448				965				45,405

		As of December 31, 2023
		Year of origination
		2023				2022				2021				2020				2019				Prior				Total
Consumer and SME loans		$				$				$				$				$				$				$
Delinquency:
Current			2,448,363				4,934				–				–				–				–				2,453,297
Past due
- 1 to 30 days			64,015				1,054				–				–				–				–				65,069
- 31 to 60 days			49,419				925				–				–				–				–				50,344
- 61 to 90 days			42,239				2,054				–				–				–				–				44,293
- More than 90 days			41,843				1,638				–				–				–				–				43,481
			2,645,879				10,605				–				–				–				–				2,656,484
Current period gross write-off			182,145				358,503				4,834				–				–				–				545,482
Other loans
Delinquency:
Current			104,770				927				399				30,769				3,132				2,214				142,211
Past due
- 1 to 30 days			4,660				8				6				98				86				17				4,875
- 31 to 60 days			1,776				4				30				38				260				275				2,383
- 61 to 90 days			10				9				–				28				51				16				114
- More than 90 days			69				52				17				210				242				124				714
			111,285				1,000				452				31,143				3,771				2,646				150,297
Current period gross write-off			–				16				12				205				775				220				1,228

Loans Receivable's Allowance for Credit Losses

An analysis of the loans receivable’s allowance for credit losses by portfolio segment is as follows:

		Consumer and SME loans $				Other loans $				Total $
Balance as of January 1, 2022			89,977				7,699				97,676
Provision for credit losses			494,815				(1,202	)			493,613
Write-off of loans receivable			(331,401	)			(4,772	)			(336,173	)
Exchange differences			(16,012	)			(285	)			(16,297	)
Balance as of December 31, 2022			237,379				1,440				238,819
Provision for credit losses			624,143				3,785				627,928
Write-off of loans receivable			(545,482	)			(1,228	)			(546,710	)
Exchange differences			1,518				13				1,531
Balance as of December 31, 2023			317,558				4,010				321,568

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