Buy now, pay later is not a new payment option, but it is an escalating one as more BNPL firms flood into the consumer market, making the practice easier all the time. BNPL’s growing popularity is setting off alarm bells regarding how the payment method will adversely impact vulnerable consumers, eliciting calls for regulators to step in.
On September 29, 2023, the UAE Central Bank (CBUAE) introduced the new Finance Companies Regulation, which repealed the Finance Companies Regulation issued in 2018 and formally.
UAE central bank introduces framework for regulation of short-term credit facilities zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
UAE Central Bank introduces rules to regulate short-term credit services thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
UAE central bank introduces framework for regulation of short-term credit facilities zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.