All posts tagged "BNPL"
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381AML / KYCFraudulent Transactions Cost 4x the Loss Amount on Average
Every $1 lost to fraud costs organisations an average of $3.99 in APAC, and around $6.33 for digital banks and alternative lenders, LexisNexis Risk Solutions finds.
July 15, 2022 -
351Fintech / RegtechRBI 2025 Vision Targets Growth in Digital Payments
The vision document outlines plans to introduce a framework for regulating all "significant intermediaries" in the payments ecosystem, as well as regulations for bigtech, fintechs and BNPL.
June 24, 2022 -
408Australia & NZAustralia: New Govt to Push Ahead with BNPL, Crypto Regulation
The government will also continue a consultation process started by Josh Frydenberg on a regulatory framework for the crypto sector.
June 15, 2022 -
493FeatureHKMA to Consult on BNPL Protections in ‘Coming Months’
Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.
June 5, 2022 -
404Australia & NZAustralian Groups Call for Better Regulation of BNPL Services
Charities and consumer groups are calling for BNPL services to be regulated like other credit products to prevent unnecessary financial harm.
May 16, 2022 -
580FeatureHKMA to Develop Additional Safeguards for Bank Customers
A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
April 20, 2022 -
526Fintech / RegtechSingapore Working Group to Develop BNPL Framework
The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.
March 24, 2022 -
501Australia & NZAustralia Unveils Plans to Reform, Modernise Payments System
The government plans to establish a licensing regime for crypto exchanges, a custody regime for digital assets, and explore the feasibility of a CBDC.
December 14, 2021 -
666MalaysiaMalaysia to Enact New Consumer Credit Act in 2022 – Reports
The Consumer Credit Act will provide a regulatory framework for the issuance of consumer credit and strengthen oversight of non-bank credit providers.
November 18, 2021 -
1.2KAustralia & NZAustralia Launches ‘Buy Now Pay Later’ Code of Conduct
The code makes AFCA membership compulsory and incorporates ASIC’s new design and distribution obligations regime.
February 27, 2021
