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

Published Fri, Feb 5, 2021 · 05:50 AM

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.

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Singapore fintech

Payments

BNPL

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

KEYWORDS IN THIS ARTICLE

Banking & Finance

Crypto.com wants to sponsor more sports after Formula One Miami

Philippine central bank tightens dirty money risk reporting rule

Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%

A timeline of DBS’ recent banking glitches

China’s CICC demotes senior bankers, cuts pay to slash costs

Credit Suisse China securities joint venture says staff down 46% in 2023

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