“Buy now, pay later” - a payment scheme that allows consumers to purchase goods over time with interest-free instalments, has become increasingly popular.
With such a growing trend, the sector is expected to reach USD$3 billion in 2028.
But the question is : is BNPL a good scheme for money management?
Prime Time’s Timothy Go and Bharati Jagdish speak with Tan Siew Lee, Head of Wealth Management, OCBC to find out more.
Highlights of the conversation:
01:28 : Why BNPL is a fast growing market now
03:28 : Concerns about BNPL such as technical issues with payments and impulsive purchases
04:41 : How banks can protect themselves against default payments
06:19 : Industry-wide of conduct to safeguard consumers

The Big Story: Ten companies issued notices over the haze. How far can Singapore go to hold them accountable?
16:48

The Agenda: Is Gen Z becoming a generation of young inventors?
17:56

What's Trending: Are Singaporeans really so bad at making friends? Time to bring back childhood games?
15:18