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/PRNewswire/ -- The "Buy Now, Pay Later: Point of Sale Installment Loans in the U.S. Market and International Perspectives, 2nd Edition" report has been added...
/PRNewswire/ -- The "Buy Now, Pay Later: Point of Sale Installment Loans in the U.S. Market and International Perspectives, 2nd Edition" report has been added...
DTI OIC-Regional Director Leonila Baluyut said this is part of the Department Administrative Order No. 21-03 or the “Guidelines for Payments Options on the Purchase of Consumer Products and Services,” which the agency issued recently. “Under this, all sellers, whether registered or unregistered, are mandated to provide consumers the option to pay in cash, in installment, or a combination of the two. It also states that an installment only mode of payment is strictly prohibited,” Baluyut said. The guidelines, she said, also specify that no additional charge should be colle...
SunStar + April 22, 2021 TO ENSURE consumers’ access to various modes of payment on their purchase of products and services, the Department of Trade and Industry has issued the Department Administrative Order (DAO) 21-03 or the “Guidelines for Payments Options on the Purchase of Consumer Products and Services” which will take effect April 23, 2021. The DAO mandates all persons and companies, whether registered or unregistered, engaged in the sale or offer for sale of consumer products and services, to provide consumers the option to pay in cash, in installment, or a combina...