Money Power | The hidden effects of the Buy Now, Pay Later systems
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MicroFinance South Africa (MFSA) is calling on regulators to act swiftly on the unchecked and rapid rise of Buy Now, Pay Later credit services. With a warning that this current unregulated structure is exposing millions of consumers to unsustainable debt, hidden costs, and financial exploitation. Mpho Mashita and Jones Netshipise talk to the CEO of Micro Finance South Africa, Leonie van Pletzen about the hidden effects of the Buy Now, Pay Later systems and how people can practice caution.
