#ARDFR

ARDFR Targets BNPL as a Driver of Inflation and Introduces New Measures

Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFR) has flagged the popular “buy now, pay later” (BNPL) installment model as a contributor to inflation and rising consumer debt. Banks benefit significantly from short-term lending commissions, but cash-paying customers are often deprived of discounts, raising concerns among authorities. The regulator plans to introduce rules ensuring that cash buyers pay lower prices than BNPL users.