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Will 'Buy Now, Pay Later' regulation turn the tide to banks?
A code of conduct for the "buy now, pay later" (BNPL) industry will be launched in the second half of this year. BNPL transactions, where consumers make purchases on instalment, came to S$440 million in 2021, out of S$103 billion in credit and debit card payments overall. On Tech Talk, Prime Time’s Timothy Go and Bharati Jagdish spoke with Andrew Burlison, Head of Payments, LexisNexis Risk Solutions on what the impending ‘Buy Now Pay Later’ regulation means for banks and other financial institutions.See omnystudio.com/listener for privacy information.
The skinny
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