The Business Times
business-time-50
BT EXCLUSIVE
·
SUBSCRIBERS

Buy-now-pay-later schemes trigger MAS concerns over consumer debt risk

google-preferred-sourceAdd BT as a preferred source
Published Thu, Feb 4, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    THE speed and ease with which consumers can obtain unregulated credit via buy now, pay later (BNPL) schemes have sparked growing concerns over unseen debt and potential financial distress.

    This has prompted several authorities, including Singapore's, to look into regulating the industry as the use of BNPL products continues to grow.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Monetary Authority of SingaporeSingapore fintechPaymentsBNPL

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Kapa's pair of semi-detached houses in Westlake Avenue were rebuilt from a bungalow. Rather than produce a mirrored pair, the two homes were designed as a considered whole to look like part of an evolving streetscape.

    Costly renewals: Transforming an old landed house into your dream home is getting harder

    The RTS Link, which is expected to begin operations on Jan 1, 2027, could add a “new dimension” to spending patterns in JB towards the end of 2026.

    RTS Link unlikely to topple Singapore retail despite JB’s appeal: OCBC

    Goi Kok Ming is a graduate of California State Polytechnic University, Pomona. He has a bachelor's degree in computer information systems.

    Popiah King Sam Goi’s son to be CEO of PSC Corp

    Visitors at the KL Tower. Industry observers say inbound trip cancellations have surged to approximately 5,000 in the past month.

    Malaysia tourism hit by fuel shock; tour prices may jump 50%

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More