MPs are leading a fierce backlash against Iceland s buy now, pay later scheme, warning it will encourage cash-strapped shoppers to spend beyond their means
Total festive spending using Buy Now Pay Later schemes,, which lets consumers pay for products in instalments, has been put at £3.3billion by financial planning experts Credit Karma.
Almost eight million Britons currently have significant outstanding balances with buy now pay later (BNPL) providers, averaging £538 each, according to new research.
Almost eight million Britons currently have significant outstanding balances with buy now pay later (BNPL) providers, averaging £538 each, according to new research.