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A study performed by the UK-based Centre for Financial Capability has found that almost one-quarter of UK BNPL users have been charged late repayment fees.
study, BNPL, payments , financial institutions, credit
Australia has planned to regulate Buy Now, Pay Later (BNPL) services as a consumer credit product, requiring providers to perform background checks prior to lending.
regulation, BNPL, credit, lending, financial services, instalment payments, payment methods, financial data, credit scoring, payments , fintech, financial inclusion, ecommerce, online shopping, transactions , interest rate