The Business Times
business-time-50
BT EXCLUSIVE

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

    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

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The exterior (left) and interior (right) views of Waterwall House, featuring glass interfaces, open voids, split levels and raw concrete walls.

    Rare brutalist Singapore house opens to the public before changing hands

    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