BNPL: in the UK, 8% use it for essential purchases

In the U.K., according to an independent debt advice organisation called ‘Citizens Advice’, one in 12 people who used a BNPL service in the last 6 months, actually payed for ‘essential purchases’ such as groceries or hygiene products.

Young people, in debt and poor (receiving Universal Credit government support) are least twice as likely to use BNPL services to buy essentials as the rest of the population. In the UK, 28% of adults used a BNPL service in October 2021. This figure rises to...