Today news
About the same in other media
China's buy now pay later market is growing — but challenges remain, experts say
Reading now: 699
cnbc.comChina's buy now pay later market is set to grow — but the industry is still at a nascent stage, and challenges lie ahead, experts told CNBC.
There's been a surge of interest in BNPL services in China over the last decade, said Kapil Tuli, marketing professor at the Singapore Management University's (SMU) Lee Kong Chian School of Business.
Buy now pay later services are a form of payment where consumers make purchases and pay them off over a period of time in several instalments, often interest-free. While BNPL is typically interest-free, some providers charge high late payment fees.
A few factors are fueling the «perfect storm» for the growing trend, according to Tuli. They include unprecedented low interest rates, the rise of online
Read more on cnbc.comAbout this in other media
China to remove limits on foreign investment in passenger car manufacturing cnbc.com /2 years ago
China is clarifying rules for overseas IPOs. Here's what we still don't know. cnbc.com /2 years ago
Crypto exchange MEXC Global to ‘retire’ Mainland China user accounts ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
