Global credit referencing agency Experian has been chosen to operate buy now, pay later reporting in Singapore.
In Brief:
Experian will operate Singapore’s Buy Now, Pay Later bureau.
It's been selected by the Singapore Fintech Association (SFA) and BNPL Working Group.
Accredited BNPL companies will share users’ credit information with Experian and use this to gauge creditworthiness.
What does this mean?
Singapore’s BNPL Working Group has come up with a code of conduct with Experian will support. It's already been operating similar bureaus in both the UK and US.
