BNPL offers a lifeline for some and flexibility for others, and there is an argument that it broadens financial inclusion.
Research conducted by Divido in February 2023 suggests that almost three fifths of British consumers (58%) believe point-of-sale (POS) financing can be a good way to help them manage their finances.
Ultimately, though, it is unsecured debt, often doled out without a thought as to whether punters can pay it back. Many BNPL services do not perform formal credit checks or income assessment. Is that sustainable?