{"id":523286,"date":"2024-02-16T13:50:47","date_gmt":"2024-02-16T13:50:47","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=523286"},"modified":"2024-08-22T08:58:00","modified_gmt":"2024-08-22T07:58:00","slug":"half-of-adults-in-the-uk-have-now-used-buy-now-pay-later","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/buy-now-pay-later\/half-of-adults-in-the-uk-have-now-used-buy-now-pay-later","title":{"rendered":"Half of adults in the UK have now used buy now, pay later"},"content":{"rendered":"

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The popularity of BNPL keeps growing, but consumers are still waiting for better protection.<\/h2>

Half of adults in the UK \u2013 around 26.4 million Brits \u2013 have now used buy now, pay later (BNPL), according to new research.<\/p>

BNPL allows you to buy an item typically by paying a small amount upfront and using a short-term credit agreement to pay the rest in instalments or in a lump sum. Unlike credit cards and loans, BNPL isn\u2019t regulated, which means there\u2019s less protection if things go wrong.<\/p>

BNPL has been growing in popularity in the UK. Half of adults in the UK (50%) have now used BNPL at some point, up from 36% at the start of 2023. Around 7.7 million Brits used BNPL for the first time in the year to January 2024, according to the research<\/a> from personal finance comparison site finder.com. <\/p>\n\n \n\n\n