Singapore Fintech Association forms working group to establish a buy now, pay later (BNPL) framework, which will include enforcement measures, to safeguard consumer interests and prevent risks of "over-indebtedness".
Emerging markets are more receptive towards cryptocurrency than developed nations, with residents in the former more likely to have invested in it, reveals new global study.
Both nations will build a framework for bilateral cooperation to drive trade and investment in the fintech sector and support efforts from their local fintech companies to expand in each other's markets.
E-commerce platform gives shoppers in Singapore and Malaysia the option to make their purchases via Pace Enterprise's buy now, pay later service, spreading their spend over three monthly instalments.