Senior Policy Manager Riccardo Tordera provides you with his January policy updates.
He is joined by Manish Garg, Founder & CEO of Banksly and newly appointed member of our Advisory Board, to discuss The Payments Association’s latest response to the HM Treasury consultation published last year, which recommends a proposal to urgently regulate the BNPL market.
Manish gives an overview of the problems surrounding BNPL and highlights that “at least 1 in 10 customers who have used BNPL were already in arrears when they took BNPL, so at the moment proper affordability isn’t being checked.”
You can read the full response here.
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