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Monday, Aug 15, 2022

Guidance to protect "buy now, pay later” consumers on the way

Guidance to protect "buy now, pay later” consumers on the way

In response to the increasingly popular “buy now, pay later” platforms in Hong Kong, authorities are developing guidelines to strengthen consumer protection with the view that young people may be easily influenced into overspending and falling into debt traps, according to Christopher Hui Ching-yu, Secretary for financial services and the treasury.
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