Draft Regulation for Buy-Now-Pay-Later (BNPL) Services in the UK

On October 17, 2024, the UK government published a draft regulation[1] consultation for BNPL, as it plans to regulate the BNPL sector. BNPL has become more popular as consumers seek an easy way of lending in recent years. The BNPL market in the UK is projected to grow from £29.85 billion ($38.76 billion) in 2024 […]