Stronger protections for buy now pay later customers come into force
According to its 2024 Financial Lives Survey, 20% of UK consumers, equating to 10.9 million adults, used BNPL in the 12 months to May 2024.
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Summary
Get a free fractional share worth up to £100. The BNPL market has grown significantly in recent years, to reach over £13 billion in 2024, the FCA said previously. Providers will come under the regulation of the Financial Conduct Authority and customers will have stronger support if something goes wrong.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
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Get a free fractional share worth up to £100.
according to The IndependentThe BNPL market has grown significantly in recent years, to reach over £13 billion in 2024, the FCA said previously.
according to The IndependentProviders will come under the regulation of the Financial Conduct Authority and customers will have stronger support if something goes wrong
according to Evening Standard
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