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Fintech

Buy now, pay later

Short-term credit at checkout that splits a purchase into instalments, often interest-free. Often shortened to BNPL. It's being brought under FCA regulation.

A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.

You'll hear it as

Offering buy now, pay later lifted basket size.

Also called BNPL.

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