Some of Britain s biggest high street names look to be developing their own in-house challengers to buy now, pay later services like Klarna as they try and muscle in on the booming £2.7billion sector.
John Lewis has launched a regulated online payment method in partnership with French bank BNP Paribas that will let customers borrow up to £35,000 to fund home improvements and pay it back interest-free over 12 months.
And far from taking pay later methods off its website, as it was urged to by Labour MP Stella Creasy last month, fellow high street fixture Marks & Spencer looks set to be building its own version.
John Lewis and M&S launch buy now, pay later schemes
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