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Which? calls for stronger BNPL safeguards

January 6, 2022

Via: Charged

Which? has called for stricter safeguards surrounding buy now, pay later (BNPL) and the potential risks.

The consumer group wants to stop shoppers from choosing BNPL payment solutions without knowing the risks that come with it.

A study conducted by Which? revealed that many people do not understand that they are taking on debt when using the payment method.

The BNPL sector has boomed in popularity over the past 18 months and gives customers the opportunity to spread the cost of products over interest-free instalments.

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