The Latest Breaking News from BNPL

Buy now, pay later businesses face clampdown under new government rules

Nearly £1 in every £8 spent online in January used buy-now-pay-later services

Evening Standard · Feb 13, 2023

New buy now pay later regulations ‘set to protect 10 million consumers’

'People should be able to access affordable credit, but with clear protections in place. That is why these proposed regulations are so important.'

Wales Online · Feb 13, 2023

Ministers launch long-awaited consultation on buy now, pay later firms

Government says new rules could help protect 10 million consumers from ‘unconstrained borrowing’

The Guardian - UK · Feb 13, 2023

How buy now pay later can be a Christmas gift that keeps on taking

University of Newcastle lecturer in sociology and member of the Newcastle Youth Studies Centre Dr Julia Cook said young people made up the majority of BNPL customers.

Newcastle Herald · Dec 22, 2022

90% of young people had financial troubles in 2022, and 27% used 'buy now, pay later' services

Buy Now, Pay Later (BNPL) services have dramatically changed the landscape of personal lending, largely by being easy to access and not charging interest – thus avoiding national credit laws.

The Conversation · Dec 20, 2022

In a year marked by inflation, 'buy now, pay later' is the hottest holiday trend

People are paying for blenders, shirts and even groceries in installments. New research suggests this encourages people to overspend.

WEKU · Dec 15, 2022

London fintech unicorn Zilch poised to begin wave of layoffs as downturn hits buy now pay later sector

Zilch joins rival Klarna in making a series of layoffs in a bid to cut costs as investors weigh the prospects for BNPL firms after higher borrowing costs squeeze profits

Evening Standard · Nov 25, 2022

Buy now, pay later lures apps and e-marketplaces

Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

Bangkok Post · Nov 23, 2022

‘Significant harm’: Government urged towards toughest option in buy-now-pay-later crackdown

Buy-now-pay-later giants like Afterpay could be forced to obtain credit licenses and check whether their customers can afford loans.

The New Daily · Nov 21, 2022

Consumer groups demand stricter regulation of buy now, pay later loans to reduce harm

Federal government releases options paper with toughest proposal agreeing BNPL should be regulated like credit cards

The Guardian - AU · Nov 21, 2022