Half of Singaporeans avoiding 'buy now, pay later' services

Rob Clapp

An overview of the use of 'buy now, pay later' services in Singapore.

Just 13% of Singaporeans have used a 'buy now, pay later' (BNPL) service and one in two (48%) say they have not used one and aren't considering one in the future, according to a survey from YouGov. The service allows customers to pay for their purchases in instalments, without the use of a credit card and at a 0% interest rate.

There may be some potential for the services to grow, however. Two in five (39%) Singaporeans say they have not used a BNPL service but would consider using one in the future. This drops to 36% among...

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