Buy now, pay later allows people to spread the cost of purchases, normally interest-free, over a set period of time
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Money
Levi Winchester Money Editor
00:01, 15 Jul 2026
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A major rule change for Buy Now, Pay Later (BNPL) services is set to take effect on 15 July 2026
Treasury says shoppers will get a ‘fairer deal’ as new rules for BNPL credit are introduced on Wednesday
From July 15, Buy Now Pay Later (BNPL) products will be subject to a new regulatory regime.
BNPL can be a fee-free way to manage cashflow for an essential purchase but keep track of the payment schedule
The change comes into affect next month
Millions of shoppers who use lenders are set to benefit from new rules this month
Key changes happening for buy now pay later customers and where to get support
