UK Government Approach to Regulating Buy-Now, Pay-Later (BNPL) Products
Introduction The UK government has announced the much-awaited plans to regulate Buy-Now, Pay-Later (BNPL) products to ensure consumer protection and market certainty. BNPL allows consumers to split the cost of purchases into regular repayments over a short period, typically interest-free. While BNPL can be a helpful financial tool, consumer groups