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The Independent UK
The Independent UK
Business
Vicky Shaw

FCA wants buy now, pay later sector to ‘thrive’ as firms prepare for regulation

FCA BNPL Financial Conduct Authority the Financial Conduct Authority
The Financial Conduct Authority said buy now pay later provides an important source of credit to many people (Tim Goode/PA Archive) - (PA Archive)

Buy now, pay later customers will have clearer information and must undergo proportionate affordability checks under stronger protections coming into force from July, the City regulator has said.

The sector will come under the the Financial Conduct Authority’s (FCA) regulation from July 15 2026, and lenders will need to be authorised by the regulator to provide BNPL products.

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