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'Buy now, pay later' getting popular: Providers in S'pore say safeguards in place to curb overspending
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Customers here use "buy now pay later" to make purchases that would not fit in their existing budgets.
PHOTO: HOOLAH
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SINGAPORE - The "buy now, pay later" (BNPL) option is becoming increasingly popular with consumers able to borrow for "free" for short periods to pay for their purchases either at physical stores or online.
But there are concerns that users will overspend and end up mired in debt.
