Reported about 10 hours ago
The Buy-Now Pay-Later (BNPL) market in the UK has surged, reaching approximately $27 billion in 2024, as consumers increasingly use this model for everyday purchases. Major firms like Klarna and Affirm are entering a competitive landscape while facing imminent regulations aimed at curbing excessive consumer debt. With a significant rise in user engagement and retailer participation, the BNPL sector is also grappling with potential consolidation as smaller companies may struggle to comply with new regulatory requirements, all while maintaining consumer convenience.
Source: YAHOO