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Buy now, pay later schemes to account for 10% of e-commerce
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
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Pandemic prompts UK shoppers to turn their backs on credit and BNPL
New research points to changing payment habits among online shoppers. A European study of 10,000 consumers and 1,000 merchants found that seven out of ten (71%) UK shoppers now prefer... more
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UK financial watchdog pushes for further regulation of ‘buy now, pay later’ credit
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.
