The Bank of Thailand (BOT) has given its approval to a draft regulatory framework governing the rapidly growing Buy Now, Pay Later (BNPL) sector. Governor Vitai Ratanakorn confirmed the decision, paving the way for increased oversight of these services. A public hearing on the proposed regulations is set for September 2026, allowing for feedback before finalization. The BOT intends to officially implement the new rules in the fourth quarter of 2026. BNPL operators will be required to obtain licenses under the new framework, ensuring consumer protection and financial stability. This move signals a maturing of the BNPL market in Thailand and a proactive approach by the central bank to manage its risks and benefits. The regulations aim to balance innovation with responsible lending practices.