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The UK’s ecommerce market is now the third-largest in the world following record-breaking sales figures throughout 2020. Ecommerce in the UK is now expected to grow nearly 40 per cent…
Read More“Buy Now, Pay Later” firms to be hit with FCA regulation amid growing debt fears
‘Buy now, pay later’ firms like Klarna and Laybuy will now face tougher regulations by UK authorities after their usage nearly quadrupled last year.
The Financial Conduct Authority (FCA) will…
Read MoreUK shoppers nearly twice as likely to use ‘buy now, pay later’ schemes than buy second hand
UK shoppers are nearly twice as likely to use a ‘buy now, pay later’ (BNPL) service than they are to buy fashion items second hand.
According to new research from…
Read MoreAdvertising watchdog bans “irresponsible” Klarna adverts
The Advertising Standards Authority has upheld claims made against a series of Instagram posts promoting Klarna Bank’s deferred payment services.
The ASA on Wednesday ruled that Klarna could not show…
Read MoreMidweek Catchup: Holiday shopping records broken as delivery networks struggle
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Which? calls for better protection for PayPal customers from scammers
Royal Mail warns customers to post “sooner rather than later” as surge in…
Read MoreBuy Now, Pay Later firms to face tougher advertising restrictions
The Advertising Standards Authority (ASA) has released tougher guidance on how Buy Now, Pay Later (BNPL) schemes advertise their financial services.
The ASA’s sister organisation, the Committee of Advertising Practice…
Read MoreBNPL schemes see 35% boost during lockdown but are causing shoppers to “spend beyond their means”
Buy now, pay later (BNPL) schemes have experienced a “marked uptick” in use during the coronavirus pandemic as cash strapped shoppers turn to companies like Klarna and Laybuy.
According to…
Read MorePayPal sparks anger after introducing £12 charge for “inactive” customers
PayPal has announced controversial new plans to charge customers and businesses “inactivity fees” if they don’t use their account for extended periods.
The payments giant will begin charging £12 per…
Read MorePayPal launches “buy now, pay later” scheme in the UK for items up to £2000
PayPal is launching a new “buy now, pay later” (BNPL) option for purchases of up to £2000 for any stores which offer PayPal as a payment method in the UK.…
Read MoreKlarna valued at a whopping $10.65bn after latest funding round
‘Buy now, pay later’ specialist Klarna has been valued at $10.65 billion after its latest equity funding round.
An announcement from the Swedish firm on Tuesday morning said the funding…
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