Last week, the buy-now-pay-later market came to a standstill when the
Financial Conduct Authority (FCA)released its latest regulations to improve protection for BNPL shoppers. These new policies follow cases of serious debt that customers have fallen into when shopping with certain BNPL providers during the coronavirus pandemic. The FCA has recognised that consumers need more education when it comes to financing their payments, and its new rules have set a high bar that most BNPL providers must now reach.
Thankfully for shoppers, though, there is one BNPL provider that doesn’t need to change its ways to meet the new regulations. The up-and-coming UK-based fintech