Last week, Frasers Group revealed its plans to launch its own buy now pay later (BNPL) scheme, which could allow shoppers to borrow up to 2,000 pounds when spending with the retailer.
Under new boss Michael Murray, the retail giant is reportedly embarking on a wide-ranging financial services push.
Once launched, consumers will be able to split and defer payments or take a loan through the group’s app that can be spent across its retail portfolio, which include House of Fraser, Jack Wills, Sports Direct and more. Shoppers will then be rewarded with points while shopping.
