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S1E46: BNPL: Buying power or financial trouble?
The 'buy now, pay later' (BNPL) scheme allows for purchase on zero interest instalment plans with less credit requirement.
Synopsis: Every month, The Straits Times takes a hard look at Singapore's social issues of the day with guests.
In 2023, Singapore consumers spent $3.4 billion online and in-store using 'buy now, pay later' (BNPL) services from third-party providers like Atome and Grab PayLater, banks and retailers - without the need for minimum income as required by credit cards.
And members of Gen Z, those between 18 and 24 years of age, and young millennials between 25 and 34, were…
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