SMU Associate Professor of Finance Hu Jianfeng commented on "Buy Now, Pay Later" (BNPL) services, noting that borrowing to consume had become mainstream. He highlighted BNPL's lower entry barriers, making it accessible and convenient, which stimulated spending and drove the economy. As BNPL grew, so did regulation discussions. While users aged 18+ could sign up, Assoc Prof Hu questioned if every 19-year-old had the financial discipline. He emphasised the need for early financial education and real-life practice. BNPL tools were neutral, and responsible planning was crucial. Prof. Hu predicted future collaboration between BNPL platforms, banks, and credit card companies.
