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BT EXCLUSIVE

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

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Published Thu, Feb 4, 2021 · 09:50 PM

    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.

    Monetary Authority of SingaporeSingapore fintechPaymentsBNPL

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