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BOT eyes Buy Now Pay Later curbs as young spenders sink into debt

BOT eyes Buy Now Pay Later curbs as young spenders sink into debt

The Bank of Thailand plans new rules for Buy Now Pay Later lending after BNPL accounts jumped to 4.91 million amid youth debt concerns

Over 1.8 million accounts in persistent debt, owing THB75 billion: BOT

The Bank of Thailand (BOT) has identified more than 1.8 million accounts of personal loan borrowers as “persistent debt” (PD), accounting for over 75 billion baht in total debts.

The unfortunate link between purchasing power and indebtedness

MONDAY, AUGUST 31, 2015

Newly appointed economics tsar Somkid Jatusripitak began his tenure by insisting that Thailand is not experiencing an economic crisis. The problem, external factors aside, is that a slump in crop prices has left Thais with little money to spend, especial

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