Revolut to introduce BNPL feature

Tuesday 7 September 2021 11:15 CET | News

Revolut has announced it is preparing to launch a Buy Now, Pay Later feature, allowing users to spread the cost of in-store and online purchases over a period of time.

The products were in very early development and would be likely to be trialled across some European markets in 2022, as highlighted in The Times.

Approximatively five million Brits have used Buy Now, Pay Later since the start of the pandemic as the size of the UK market quadrupled in 2020 to reach GBP 2.7 billion, according to the FCA

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Keywords: Revolut, BNPL, product upgrade, FCA
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech