In Russia, it was proposed to increase the limit on purchases through "buy now, pay later" (BNPL) services to 100 thousand rubles without the need to transfer data to credit bureaus. Such an initiative was sent to the State Duma by the Public Consumer Initiative (OPI).
In the current version of the bill, the amount at which you can use installment services without transferring data to the BCI is 15 thousand rubles. If the amount exceeds this limit, you will need to request personal data from the client and transfer it to credit bureaus, which will make it difficult to approve loans.
OPI believes that the amount of 15 thousand rubles limits citizens' access to BNPL services, since only the purchase of food, clothing, shoes and small electronics are suitable for this limit. More expensive goods, such as large household appliances, furniture, building materials, auto parts, medical and tourist services, remain outside this amount, and for their purchase people have to turn to banks, which, in the face of high rates and strict requirements of the Central Bank, are reluctant to approve loans, or to MFIs. In the latter, interest rates can reach 292% per annum, which increases the debt burden of the population.
The bill, which will give the Central Bank the authority to regulate BNPL services, passed its first reading in the spring of 2025. The document proposes to limit the amount for which you can use installments without being entered into a credit history to 15 thousand rubles.
Read materials on the topic:
Russian low-cost airline Pobeda introduced payment for tickets in installments
