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Evening Standard
Evening Standard
Vicky Shaw

Shoppers turning to alternative payments such as buy now pay later – BRC report

BRC BNPL FCA The British Retail Consortium Interest Rates
Cards still account for the vast majority of transactions, the British Retail Consortium said (Dominic Lipinski/PA Archive) - (PA Archive)

Shoppers increasingly turned to “alternative” ways to pay in 2024, such as buy now pay later methods, according to the British Retail Consortium (BRC).

Its annual payments report found that alternative payments, which include buy now pay later (BNPL) schemes, accounted for 3.8% of transactions in 2023, rising to 4.1% in 2024.

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