Buy now pay later

Six out of ten credit card users don’t know how much interest they are paying

14th February 2022 Arrears and Recoveries | #Buy now pay later #credit cards

New research has revealed that six out of ten credit card users don’t know how much interest they are charged, according to Yougov research commissioned by Klarna. In contrast, the research showed that consumers understand the headline terms and conditions of Buy Now Pay Later (BNPL) products better than they do credit cards. Having reviewed…

Credit Reference Agency announces plans to include BNPL data on consumer credit reports

10th February 2022 Alternative Consumer Lending | #Buy now pay later

Global information and insights provider TransUnion has announced it is set to accept Buy Now, Pay Later (BNPL) finance into UK consumer credit files, becoming the first credit reference agency in the UK to do so. Following extensive research and product innovation, buy now, pay later finance – also known as deferred payment credit –…

Half of credit card holders plan to use Buy Now, Pay Later in 2022

7th February 2022 Alternative Consumer Lending | #Buy now pay later

New data has revealed that the majority of credit card users are planning to use Buy Now, Pay Later (BNPL) services this year. The survey, by Splitit, investigated credit card holders’ attitudes towards spending, specifically around BNPL. The data shows that over half of respondents (54%) are planning on using BNPL services in 2022, with…

Klarna to launch card

28th January 2022 Company News | #Buy now pay later

Global banking, payments and shopping service, Klarna has announced the launch of Klarna Card in the UK, which it says will give consumers with greater control, transparency and choice over how they pay. The new physical card will bring Klarna’s flexible and transparent payments experience to in-store payments anywhere where cards are accepted. The launch…

Buy-now, pay-later spending rose by £1bn over Christmas

19th January 2022 Alternative Consumer Lending | #Buy now pay later

The amount of Christmas shopping put on buy-now, pay-later (BNPL) rose by £1billion in 2021 according to new analysis by Credit Karma. The research found that as Banks and retailers continue to jump on the increasing popularity of the BNPL payment method, with its high approval rates, 52% of consumers view BNPL as ‘easy credit.’…

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