New BNPL rules trigger major checkout shake-up for retailers

Retailers are bracing for changes to their online checkout journeys as the UK’s new buy now, pay later (BNPL) regulations come into force today.
The Financial Conduct Authority has begun regulating deferred payment credit, the interest-free form of borrowing commonly offered through providers such as Klarna and Clearpay.
Under the new regime, lenders must carry out proportionate affordability checks before allowing shoppers to borrow, while providing clearer information about repayment dat