The Latest Breaking News from BNPL

Two in five buy now, pay later shoppers borrow funds to clear the debt

Citizens Advice says consumers ‘piling borrowing on top of borrowing’ by paying with credit cards

The Guardian - UK · Jun 8, 2022

Many buy now, pay later customers ‘borrowed money to make repayments’

Government plans law change to bring some forms of unregulated BNPL products into Financial Conduct Authority regulation

Wales Online · Jun 8, 2022

42% of buy now pay later customers ‘borrowed money to make repayments’

In the 18 to 34 age group, just over half had used some form of borrowing, according to a Citizens Advice survey.

The Independent UK · Jun 7, 2022

Gen Z is falling into debt thanks to ‘buy now, pay later’ startups

Companies like Klarna and Afterpay can enable bad spending habits, tank your credit, and lack the consumer protections of genuine credit lenders.

Input · May 6, 2022

Klarna to report product use and missed payments to UK credit reference agencies

Klarna said it will protect customers and provide the industry with greater visibility of BNPL use, helping to improve affordability assessments.

The Independent UK · May 4, 2022

Klarna to start reporting UK customer debts to credit agencies

Move by Swedish firm, the UK’s leading buy now, pay later company, will begin on 1 June

The Guardian - UK · May 4, 2022

Buy now, pay later businesses popping up in agriculture industry

If a farmer needs to buy cattle or grain, should they be approved for huge loans within 48 hours? The buy now, pay later industry moves in on farmers who could take advantage of six to 12-month loans.

ABC News · Apr 20, 2022

More Australians in debt spiral as buy now, pay later loans increase to cover daily basics

Australians are seeking out buy now, pay later options to cover daily essentials at an alarming rate, as more people struggle to survive.

ABC News · Apr 4, 2022

‘Dangerous strategy’: Buy-now/pay-later grocery shopping sparks debt fears

Finance experts are concerned about the expansion of buy now pay later platforms into everyday shopping as supermarkets and petrol stations open their arms.

The New Daily · Apr 1, 2022

3 Buy Now, Pay Later (BNPL) Stocks Wall Street Predicts Will Rally 32% to 115%

The BNPL industry has gained traction lately owing to consumers' growing preference for deferred payment of online purchases. Furthermore, rising investments by prominent industry leaders have been driving the BNPL market’s growth. So, Wall Street analysts expect fundamentally strong BNPL stocks PayPal (PYPL), Block (SQ), and Affirm (AFRM) to deliver…

StockNews.com · Mar 23, 2022