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With the rise of Buy Now, Pay Later platforms in Singapore, we have to ask: Is the promise of interest-free loans too good to be true?⁠ ⁠ You might have seen the eye-catching signs of Atome, Hoolah and Pace at the check-out counters of both offline and e-commerce retailers. This is how they work: You rack up a bill of, say, $200, and you have the option to pay the full sum instantly using conventional methods (cash, debit or credit card), or use a BNPL platform to split the interest-free payment over a couple of months.⁠ ⁠ While the trend is in part fuelled by a growing mistrust of credit cards by Gen Z and millennials, is BNPL the alternative to credit cards and a great way to budget? Or is it a gateway to irresponsible spending? Tap the #linkinbio to find out.⁠ ⁠ #HerWorld #HerWorldMoney
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