Topics: Buy Now

Baby Boomers Set to Drive BNPL Growth as 40% Plan to Utilize Services

Discover how Baby Boomers are embracing Buy Now, Pay Later services, with two in five planning to use them in the upcoming year.

Buy Now, Pay Later: £2.7 Billion ‘Shadow Credit’ Boom Leaves 3.1 Million borrowers in Debt Time Bomb

More than 3 million UK households find themselves owing a staggering £2.7 billion through 'buy now, pay later' (BNPL) borrowing, as unveiled by a recent analysis conducted by economists at the Bank of England. The findings, derived from a survey in March 2023, bring to light the prevalence of this unregulated financial practice, with a particular focus on the age group most likely to engage in it - individuals aged between 25 and 34.

More than 3 million UK households find themselves owing a staggering £2.7 billion through \'buy now, pay later\' (BNPL) borrowing, as unveiled by a recent analysis conducted by economists at the Bank of England. The findings, derived from a survey in March 2023, bring to light the prevalence of this unregulated financial practice, with a particular focus on the age group most likely to engage in it - individuals aged between 25 and 34.