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

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

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