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Editorial

Consumer Payments

Buy Now, Pay Later Schemes Are a Debt Trap for the Digital Age

A new and seductive form of debt has quietly embedded itself into nearly every online checkout page: the “Buy Now, Pay Later” (BNPL) service. Offered by slick fintech companies, these services allow you to split the cost of a purchase into a series of smaller, interest-free installments. It feels like

Consumer Payments

Buy Now, Pay Later Schemes Are a Debt Trap for the Digital Age

A new and seductive form of debt has quietly embedded itself into nearly every online checkout page: the “Buy Now, Pay Later” (BNPL) service. Offered by slick fintech companies, these services allow you to split the cost of a purchase into a series of smaller, interest-free installments. It feels like

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