The rapid rise of ‘Buy now, pay later’

Image caption “Buy now, pay later” allows customers to delay payment or split it into smaller instalments At the end of your online shop, you may have noticed a new way to pay. It’s not a bank card, it’s not store credit. And it’s quick; just a couple of clicks. So-called “buy now, pay later” services allow customers to either delay the whole bill for their chosen item, or split the cost into a clutch of equal instalments, interest-free. Despite growing calls from debt charities about these products adding pressure to Britain’s multi-billion pound debt pile, UK financial regulators have

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