Branch² Intelligence
The 1.6million shoppers who could be blocked from using 'buy now, pay later' deals like Klarna TODAY
Key takeaway
UK BNPL regulation may block 1.6 million shoppers from using Klarna and similar services.
- Step 1UK government mandates FCA approval for BNPL lenders, imposing affordability checks and credit reporting.
- Step 21.6 million shoppers fail affordability checks or choose not to share credit data, losing access to BNPL.
- Step 3Consumers shift spending to traditional credit cards or debit, increasing transaction volume for card issuers and payment processors.
Source: This Is Money
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