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The hype train for buy now, pay later (BNPL) continues to pick up steam as consumers seek shopping alternatives during the pandemic – could this emerging payment option be a... more
Despite growing calls for regulation and some demographics turning their back on credit, Buy now, pay later (BNPL) schemes were the fastest-growing online payment method in the UK last year,... more
The post Buy now, pay later schemes to account for 10% of e-commerce appeared first on Payments Cards & Mobile.
The UK’s Financial Conduct Authority has said that “buy now, pay later” credit deals offered by online retailers pose a “significant potential for consumer harm” and require regulation “as a... more
The post UK financial watchdog pushes for further regulation of ‘buy now, pay later’ credit appeared first on Payments Cards & Mobile.
New analysis has found a growing appetite for point of sale credit finance – otherwise known as ‘buy now, pay later’ – among younger UK consumers, with over 60% (67%)... more
The post 60% of millennials using point of sale credit finance services when shopping appeared first on Payments Cards & Mobile.