Bangkok Post
Banks tighten buy now, pay later rules
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Krungthai Bank (KTB) and Kasikornbank (KBank) are scrutinising their buy now, pay later (BNPL) services and adjusting their business strategies to align with stricter regulatory oversight.
Key facts
- According to the regulator, BNPL outstanding loans tallied 17.9 billion baht in 2024, up 38% from the previous year.
- Meanwhile, the number of BNPL accounts rose from roughly 620,000 in 2021 to nearly 4.91 million in 2024, reflecting an average annual growth rate of 99.9%.
- Kasikorn Investure Co acquired a 50% stake in Atome Thailand, a Singapore-based fintech company, in May 2025
- Krungthai Bank (KTB) and Kasikornbank (KBank) are scrutinising their buy now, pay later (BNPL) services and adjusting their business strategies to align with stricter regulatory oversight.
- The Bank of Thailand is promoting a responsible lending approach, and KTB responded by offering more cautious BNPL services, said president Payong Srivanich.
- Kattiya Indaravijaya, chief executive of KBank, said the bank discontinued its BNPL service in 2022 due to concerns over asset quality.
Summary
The Bank of Thailand is promoting a responsible lending approach, and KTB responded by offering more cautious BNPL services, said president Payong Srivanich.
The central bank has pushed for tighter supervision of the financial sector, and KTB wants to provide lending services responsibly, with a focus on borrowers' needs, repayment capacity and credit quality, he said.