Pet owners are increasingly turning to instalment-based payments to manage costs such as veterinary bills, grooming, and premium supplies.
Scammers often exploit the desire for "affordable" pet ownership through fake listings or fraudulent apps. Three Key Emerging Finance Trends for Pet Care buy now pay later pets
: Users are encouraged to look for the BNPL Trustmark, which signifies that a provider complies with industry-standard consumer protections. : The global BNPL market surged from USD
: The global BNPL market surged from USD 71 billion in 2019 to USD 294 billion in 2024 , driven largely by online shoppers seeking interest-free alternatives to traditional credit cards. Regulatory Landscape & Consumer Protection Current Trends in BNPL for Pets : If
The use of for pet care is a growing trend as the cost of pet ownership rises, with global pet food prices increasing by approximately 28% between 2020 and 2025 . While BNPL offers flexibility for managing routine and emergency expenses, consumers are also warned to be vigilant against scams targeting pet owners. Current Trends in BNPL for Pets
: If you encounter issues such as technical payment errors or refund disputes with a BNPL provider, you can seek assistance through the Consumers Association of Singapore (CASE) or report suspected breaches to the SFA via bnpl@singaporefinech.org. Beware: Pet Scams Using BNPL Imagery
In Singapore, the Singapore FinTech Association (SFA) and major industry players like Grab, Atome , and ShopBack have established a to protect users.