Should Buy Now, Pay Later scheme be allowed for Migrant Domestic Workers?
Responding to a Parliamentary Question (“PQ”) on the Buy Now, Pay Later (“BNPL”) scheme Filed by MP Mr Desmond Choo on 5 April 2022. The Monetary Authority of Singapore (“MAS”) assessed that the BNPL scheme does not pose any significant risks of consumer indebtedness and will continue to monitor the situation. However, mobile phone retailers […]