MAS warns against buy now, pay later services as more Gen Z Singaporeans turn to borrowings

Would that be by cash, card or a handful of equal payments over a few months?

Starrie Lee, 23, opted for the latter when she bought a computer monitor online in May. In just a few clicks, the analyst for a technology consultancy split her purchase over three installments using a Singapore-based “Buy Now, Pay Later,” or BNPL, service known as Rely. She is scheduled to pay off her roughly $500 bill in July.