Clearpay and Thunes cater to booming BNPL market
Apr 11, 2022
Singapore adopts a bottom-up approach to BNPL regulation
Globally, ‘Buy Now, Pay Later’ (BNPL) schemes have grown in popularity and Southeast Asia’s regulators have also started to take notice. While many countries are tightening their rules on consumer credit, Singapore is taking a different approach by working with the BNPL community to develop a regulatory framework for the future.
The ‘Buy Now, Pay Later’ (BNPL) market opportunity is huge, with fintech players using the segment to tap into the underbanked or unbanked population.
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