The Business Times
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Credit card curbs rein in borrowing binge

But MAS says it's monitoring impact of fintech on unsecured borrowing

Published Thu, Nov 30, 2017 · 09:50 PM
    Do, or do not. There is no try

    Singapore

    THE proportion of leveraged borrowers has fallen following the latest rules to rein in credit card debt, the latest Financial Stability Review report released on Thursday showed.

    But the Monetary Authority of Singapore (MAS) said it is watching the impact of fintech on the rise of unsecured borrowing by consumers.

    Monetary Authority of Singapore

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