BisnisIndonesia.id, JAKARTA — As buy now, pay later (BNPL) services become increasingly popular, the government is drafting out new regulations with the aim of implementing stricter laws in order to prevent the proliferation of bad credit and debt traps.
OJK, Malaysia’s CCOB to Roll Out Stricter Regulations for BNPL Services
Both Indonesia and Malaysia are seeing a rapid growth in their respective buy now, pay later (BNPL) industry, accompanied with a similar rise in non-performing loans. In the wake of bad debt, both countries are now taking steps to regulate these services.
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