New Standards Introduced to Regulate BNPL and Credit Activities

New standards have been introduced to regulate Buy Now, Pay Later (BNPL) and five other consumer credit activities, aiming to strengthen financial oversight. The move seeks to address rising concerns over consumer debt.

New Standards Introduced to Regulate BNPL and Credit Activities

Regulators emphasised the need for clearer guidelines to ensure responsible lending and borrowing practices.

BNPL

The framework is expected to improve transparency and protect consumers from excessive financial risk.

The initiative reflects a broader effort to modernise financial regulations in line with evolving credit trends. It is also expected to enhance trust in alternative financing solutions while maintaining market stability.

The framework aims to protect consumers from rising debt risks.

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