MPs probe should lead to regulatory reforms in funding models

Parliament Buildings, Nairobi. [File, Standard]

Kenya has witnessed a surge in the popularity of the 'buy now pay later' (BNPL) asset financing model in a way that has transformed how consumers shop and manage their finances.

This model allows low-income earners, mostly, Small, Medium and Micro Enterprises (SMMEs) to make purchases and pay for them in installments over time.