MP Cheryl Chan calls young people’s frequent use of Buy Now, Pay Later schemes ‘an alarming trend’

Anna Maria Romero
Wed, 16 Jun 2021 23:00:38 +0000
Featured News, Singapore News, BNLP, Buy-Now-Pay-Later, Cheryl Chan, MAS

Singapore—Member of Parliament Cheryl Chan (PAP-East Coast GRC) was one of the officials quoted in a June 15 Bloomberg article as being concerned over a growing trend among young people who use “Buy Now, Pay Later” (BNPL) services. According to the Bloomberg article, the spending habits of Generation Z are a cause for concern for …