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UK banks could soon embrace Buy Now Pay Later

18 days ago   |   By Fashion United

Image: S&P Global, Bain BNPL vs Credit Cards
The popularity of Buy Now Pay Later has attracted the attention of the UK's banks, as transactions are set to surge 60 to 70 percent per year.
With regulations easing, banks that allow customers the option to pay for goods using interest-free credit will further increase the sector, which currently accounts for 5 percent of e-commerce transaction values according to Bain & Co.
The UK government announced plans to regulate the sector, amid concerns that consumers using BNPL could be racking up substantial debts with multiple companies and facing...
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