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BNPL purchase schemes will come under Singapore industry code of conduct to protect consumer interests
Noting that "such borrowings have the potential to grow rapidly" and are "fast gaining popularity", Minister of State for Trade and Industry Alvin Tan said the MAS has "baseline expectations" for guidelines under the code, and BNPL providers will have to include safeguards against "financial imprudence" and over-indebtedness by consumers.
