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Buy now pay later: Seductive draw for consumers but proceed with caution
'Buy now, pay later' apps are popular with the young but they need to be used prudently
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BNPL applications like Atome partners with more than 5,000 leading online and offline retailers in the region.
PHOTO: ST FILE
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SINGAPORE - The perfume cost $300. But if I used the buy now pay later (BNPL) app, the promoter said, it could be mine for $100 a month split across three months. No interest. No hidden cost.
Waiting in line at the cashier's counter at a cosmetics outlet last weekend, I was sorely tempted to take up the offer, but ultimately decided to forgo it, unwilling to get caught up in another BNPL payment cycle just yet.
