Shopping and payments service Klarna will start to report the use of buy now pay later (BNPL) products to UK credit reference agencies from June.
It will report consumer purchases paid on time, late payments and unpaid purchases for "pay in 30" and "pay in three" orders made on or after June 1 to Experian and TransUnion.
Klarna said the move will protect customers and provide the industry with greater visibility of BNPL use, helping to improve affordability assessments.
