Firms to improve credit assessment as more consumers struggle with credit card bills
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ABOUT seven out of 10 consumer-facing businesses in Singapore plan to step up their digital capabilities for assessing customer creditworthiness in the next 12 months as more consumers face problems paying their online credit card bills amid the Covid-19 pandemic.
This is according to a survey by information services company Experian, which polled 300 consumers and 90 businesses from Singapore between June and July.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
