
Khairul Abbas Hamzah
Head of EduDebt, a consultancy helping debtors manage their finances. Previously overcame a significant personal debt.
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Sep 8, 2024 • 36min
S1E46: BNPL: Buying power or financial trouble?
Khairul Abbas Hamzah, head of EduDebt and a former debtor turned debt consultant, joins financial literacy expert Aaron Chwee from OCBC Bank. They dive into the allure of 'buy now, pay later' schemes, particularly their impact on Gen Z and young millennials. The conversation highlights the psychological draw of instant gratification and examines the risky pitfalls of impulse spending. They discuss debt management strategies and the importance of financial education to navigate potential debt traps effectively.