Which? responds to the news the government is launching a Buy Now, Pay Later consultation

Rocio Concha, Which? Director of Policy and Advocacy said: 

“Buy Now, Pay Later (BNPL) options appear at many online checkouts, but our research shows that many users do not realise they are taking on debt or consider the prospect of missing payments, so the government's proposed new rules and legislation are an important step. 

"The government must ensure there are no delays to introducing these changes and that consumers are given stronger safeguards to protect them and warn about the risks of using BNPL schemes. This needs to include greater marketing transparency and information about the risks of missed payments and credit checks before consumers are cleared to use BNPL providers.”

ENDS