Analyses | Regional and economic development | 2021-09-08 | HKET

‘Buy now, pay later’: The new payment method that challenges status quo



A new payment method ‘Buy now, pay later’ that allows consumers to make purchases with interest-free installments has come into vogue in some western countries during the pandemic. It is gradually taking over the traditional payment market such as credit cards and bank transfers. As some financial institutions have begun to provide similar services in Hong Kong, merchants and consumers should understand the advantages and risks of this brand-new method.

The full version of the commentary is in Chinese only.