New BNPL Rules Trigger Major Checkout Shake-up for Retailers
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5 Articles
UK BNPL Regulation Starts: Retail Checkout Changes
The Financial Conduct Authority has begun regulating third-party buy now, pay later lending, introducing affordability assessments, clearer customer information and new routes for complaints and redress. The rules took effect today (15 July 2026) and apply to deferred payment credit provided by a business other than the retailer supplying the goods or services. The change moves a widely used retail payment option into the regulated consumer-cred…
New BNPL rules trigger major checkout shake-up for retailers
Retailers are bracing for changes to their online checkout journeys as the UK’s new buy now, pay later (BNPL) regulations come into force today. The Financial Conduct Authority has begun regulating deferred payment credit, the interest-free form of borrowing commonly offered through providers such as Klarna and Clearpay. Under the new regime, lenders must carry out proportionate affordability checks before allowing shoppers to borrow, while prov…
New regulations for "buy now, pay later" (BNPL) schemes have come into force in the United Kingdom, aiming to ensure greater transparency, check the creditworthiness of customers and support those experiencing payment difficulties. The new regulations make it mandatory for service providers to provide detailed and clear information and to assess the solvency of consumers in advance, Finextra reported.
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