Banks tighten buy now, pay later rules

▤ Summary

Thailand’s central bank is drafting tougher rules for buy now, pay later services after rapid growth in the market. Krungthai Bank and Kasikornbank are reviewing their BNPL offerings and adjusting strategy to stay aligned with the new regulatory direction. The regulator is considering age limits, eligible purchase categories, and interest-rate caps, with the rules expected by the end of the year. The article also notes strong BNPL loan growth and rising account numbers across major providers using digital apps and e-commerce channels.

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