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Bangkok Post
Bangkok Post
Business

Banks tighten buy now, pay later rules

The central bank is drafting regulations for BNPL lending services following rapid expansion, particularly among lower-income consumers and younger people.

Krungthai Bank (KTB) and Kasikornbank (KBank) are scrutinising their buy now, pay later (BNPL) services and adjusting their business strategies to align with stricter regulatory oversight.

The Bank of Thailand is promoting a responsible lending approach, and KTB responded by offering more cautious BNPL services, said president Payong Srivanich.

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