Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) has issued rules for regulating buy now pay later (BNPL) companies, as part of its role in supervising and controlling BNPL companies, according to a SAMA press release.The move reflects SAMA's continuous efforts to develop the financial sector as a whole...
Customers feel better with ‘Buy Now, Pay Later’ plans
Buy Now, Pay Later services provide customers the functionality of credit cards-- easy payments with no cash. But BNPL usually eliminates fees and interest in exchange for an agreement that you'll pay back the loan within a fixed term of up to six weeks.The approval process for BNPL is quick...
BNPL gains currency in the UAE
It also seems to be extremely helpful for customers who want to pay for a purchase in installments or make payments later, but do not qualify for credit cards. However, they have to be able to qualify for the BNPL schemes being offered, with criteria including a good credit score.
