BNPL sector

🧬 AI profile — grown from 6ic coverage The Buy Now Pay Later (BNPL) sector is a financial technology industry that allows consumers to purchase goods and services online and pay for them in installments, often with minimal or no interest. BNPL providers, such as Klarna and Affirm, have gained popularity in recent years, but have also faced regulatory scrutiny due to concerns over consumer debt and financial protection. The UK's regulation of the BNPL industry aims to protect consumers from potential financial harm.