The governments being urged to do more to protect customers. We need to see regulation implemented urgently to bring it in line with any other kind of credit product. As buy now, pay later booms this christmas, is it fuelling a new debt crisis . This is a serious Financial Product with strings attached, and if anything goes wrong, i it could come back to bite you. Its estimated that 15 million of us are buying now and paying later, spreading the cost of a purchase over weeks or maybe months. The biggest name in the buy now, pay later world is Swedish Company klarna. Its valued at £34 billion and has 90 million customers worldwide. Im one of them. Ive used klarna quite a few times and, for me, its been great. I bought two tops and a pair of sandals, and i chose to pay later. If youre nearing the end of the month and youre waiting on payday, it gives you the opportunity to buy things that you want or need, and delay that payment until a time when you know that youre going to have the mo
Bit out of control. - there d be months where i d spend, like, £200, £300, maybe £400 on klarna. i couldn t really go, like, a fortnight without making orders. we asked klarna, clearpay and laybuy three of the most popular buy now, pay later companies for an interview. hi, gary, nice to meet you. oh, hi, ellie. only laybuy, which is based in new zealand, agreed. this alternative payment method is going to see a rapid adoption by people who no longer want to use a credit card, and they want an access to an interest free product that gives them flexibility to live the life they want to live. buy now, pay later is boosting the fortunes of some retailers hit hard by a fall in high street sales and then the pandemic. both klarna and clearpay promise retailers they can increase sales and total spend. i m just having a look at klarna s youtube channel, and they ve got a video here,
egypt with an iron fist for 30 years is now in a maximum security prison where he ll spend the rest of his life. earlier today an egyptian court found hosni mubarak guilty of making orders to shoot and kill civilians. the angry mubarak was taken by ambulance to the cairo police academy where the verdict and life sentence was handed down. he was wheeled in on a gurney under heavy guard. six of mubarak s former military men were acquitted. that sparked an uproar inside and outside the courtroom. [ chanting ] . furious protesters called it wrong and want to topple the regime. the security is very tight. 5,000 police have been deployed. our senior international correspondent ben wedeman joins us live from tahrir square. what s the scene like? reporter: well, we ve got more people coming in to tahrir square. just a short while ago we watched them bun posters of one of the presidential candidates. he was mubarak s prime minister. the anger seems to be going into the direction o