Ask a FinTech: What do you want to see from upcoming buy now, pay later regulation?
Buy now, pay later spend is set to reach $995bn globally by 2026. Despite this, BNPL products have yet to fall under the same level of regulation that other lending products have to adhere to here in the UK. This is set to change. Earlier this month, the FCA secured changes in the contracts of some popular BNPL lenders in the UK to try and make terms “fairer and easier to understand”, through the power of...