Pay later schemes are a contentious issue sparking conversation around the world. Though many consumers are enthusiastic about BNPL options because of convenience, many are warning of the financial precariousness that comes from postponing payments to a later date.
We asked our UK insight panel whether they enjoy the flexibility and instant gratification provided by BNPL, or if they feel that the freedom of these schemes actually masks more financial insecurity.
“Initially there was joy in the product you own without any loss of money. But when it was time to pay, joy gave way to sorrow.” – Bulbshare User, Female, 31, Poland.
