Fintech players in Singapore have launched a buy now, pay later code of conduct that sets out guidance for service providers to protect consumers and ensure that BNPL offerings continue to benefit the ecosystem. The working group behind the BNPL Code was formed by the Singapore FinTech Associatio...
not to decide whether to regulate or not, and although this is likely, according to the different stakeholders, it would be the Financial Conduct Authority (FCA), and not the Treasury, that would design the new rules...
BNPL regulatory reforms are a long time coming, with initial proposals put forward in 2022 following an independent review of theBuy Now Pay Later Code of Practice. In March 2024, the government announced theexposure draft legislative packagewith the proposed Credit Act and Credit Regulations amendme...