Clearpay CEO: I welcome buy now pay later regulations Opinion New FCA rules for buy now, pay later will strengthen, and legitimise, our industry, writes Clearpay CEO Rich Bayer.
Buy now, pay later providers set for £3bn hit in ‘regulatory reset’ Regulation Providers of buy now, pay later services are set to feel the crunch as the UK’s financial watchdog tightens its regulatory focus on the fast-growing industry. Merchants and lenders are set to take a combined hit of as much as £3bn following the regulation overhaul by the Financial Conduct Authority (FCA), according to its own [...]
Gen Z are afraid of credit cards. But can you blame them? Opinion New data has revealed that not only is Gen Z not using credit cards, they're actively afraid. But can we blame them, asks Rich Bayer.
Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
Klarna, Zilch, Clearpay: What does the buy now pay later crackdown mean for UK fintech? May 20, 2025 The Treasury’s regulatory shakeup of buy now pay later services is set to reshape the UK fintech landscape and industry leaders have been left with questions. The UK government will enact legislation that brings buy now pay later firms under the scrutiny of the Financial Conduct Authority. This means firms such as Klarna and Clearpay [...]
Government to clamp down on ‘buy now pay later’ services such as Klarna and Clearpay May 19, 2025 Fintechs including Klarna and Clearpay providing ‘buy now pay later’ services will face fresh regulation by the Financial Conduct Authority (FCA) after years of wrangling and delays. New rules will require financial services providers to conduct affordability checks as part of efforts to make banking standards more consistent. Borrowers will also be able to make [...]
UK set for buy-now pay-later revolution, says Clearpay’s Nick Molnar November 14, 2024 Molnar tells City PM the future is limitless for the buy-now pay-later juggernaut he founded with then-neighbour Anthony Eisen in 2014.
US fintech giant Affirm muscles into UK’s buy-now pay-later market November 4, 2024 US fintech giant Affirm has launched a UK buy-now pay-later (BNPL) offering as it looks to grab a slice of the fast-growing market in a challenge to the likes of Klarna, Clearpay and Zilch.
How American Express UK is looking to crack Gen Z October 24, 2024 American Express’s UK boss, Hannah Lewis, sits down with City PM to talk breaking into a younger markets and shaking up its image. “Do you take Amex?” It’s a question that has slipped so far into the cultural lexicon there are even memes about it. Scroll through a dedicated Reddit page on American Express and [...]
