[sgbuffett]

There are companies trying to addict our young to debt by pushing consumerism  to the extreme. It is called the "buy now pay later schemes".

We know it has devastating effects in other countries yet the MAS and govt  doing nothing.



We should not allow something because it is a trend.
Companies will exploit this ability to extend credit and cause harm to our society.

This is hire purchase on steroids as it just need kne click of a button





Learn from the mistake of others. We once face the problem of ballonjng credit card debt which led to awkward implementation of debt monitoring like TDSR to bail out credit card industry from the problem they caused. Now we are allowing something that with high certainty to cause a big problem downstream.

It js poor governance if nothing is done.