Why BNPL is a fast-growing market now

Technical issues with payments, impulse buys

How banks protect against default payments

Industry-wide conduct to safeguard consumers

“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 

“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

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.