The dangers of BNPL: A financial crisis looms
MFSA's Recommendations for Regulation
MFSA urges regulatory measures: mandatory affordability checks, credit bureau reporting, clear disclosures, provider licensing, and dispute resolution.
Consequences of Inaction
Failure to regulate BNPL risks another wave of over-indebtedness, market instability, and harm to vulnerable households.
Consumer Protection is Key
Consumers deserve transparency, affordability protections, and accountability from all credit providers, including BNPL services.
Global Trend Towards BNPL Regulation
Global markets are moving towards regulation; acting now can ensure BNPL serves consumers, not exploits them.
About the Author
Leonie van Pletzen, CEO of MFSA, is a leading advocate for ethical lending and consumer protection in South Africa's microfinance sector.
About MFSA
MFSA represents South Africa's microfinance institutions, promoting responsible credit practices for consumer empowerment and economic growth.
Contact Information
Claire Watt | Ntokozo Kalako
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