A potential regulatory change may block 1.6 million shoppers from using 'buy now, pay later' services like Klarna.

UK · 2026-07-15

1. Step 1 · The triggerUK government mandates FCA approval for BNPL lenders, imposing affordability checks and credit reporting.
2. Step 2 · Knock-on1.6 million shoppers fail affordability checks or choose not to share credit data, losing access to BNPL.
3. Step 3 · Reaches youConsumers shift spending to traditional credit cards or debit, increasing transaction volume for card issuers and payment processors.

The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.

Source: This Is Money

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