The Thai government plans to introduce new regulations for buy now and pay later service providers, with the aim of curbing excessive borrowing and preventing consumers from being burdened with debt without fully evaluating long-term financial risks. According to the Bank of Thailand's announcement, the proposal requires digital platform operators providing BNPL services to obtain a license. The new regulations set a maximum credit limit of 20,000 baht and an annual interest rate of 15%. The Bank of Thailand and the Ministry of Finance will seek public comments on the draft BNPL regulation from October 16 to November 15.
Zhitongcaijing · 3d ago
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The Thai government plans to introduce new regulations for buy now and pay later service providers, with the aim of curbing excessive borrowing and preventing consumers from being burdened with debt without fully evaluating long-term financial risks. According to the Bank of Thailand's announcement, the proposal requires digital platform operators providing BNPL services to obtain a license. The new regulations set a maximum credit limit of 20,000 baht and an annual interest rate of 15%. The Bank of Thailand and the Ministry of Finance will seek public comments on the draft BNPL regulation from October 16 to November 15.
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