The joys and perils of buy-now-pay-later plans among young people

Look before you leap: Young people are urged to boost their financial literacy and discipline. They are also warned against falling into debt after taking up the BNPL offers. — AZLINA ABDULLAH/The Star

PETALING JAYA: Ahead of online shopping deals with the approach of Hari Raya, young people are not deterred by warnings from financial experts against embracing buy-now-pay-later schemes.

With some even lauding these schemes as a better alter­native to credit cards, they say the key to sustainable borrowing is financial literacy and discipline.