Emeritus Prof Christopher May · @ChrisMayLA6
2914 followers · 8943 posts · Server zirk.usAround 17% of the UK's population have used deferred #credit and/or #BuyNowPayLater facilities in the last 12 months.
We know that #BNPL firms are targeting the venerable (including those on #NHS waiting lists), and there is a growing issue of the penalty payments & aggressive recovery strategies used by providers.
But having committed to 'act swiftly' in Feb 2021, #JeremyHunt & the #Treasury still have yet to propose any regulatory action(s) or try to get them into law.
Why might that be?
#credit #buynowpaylater #bnpl #nhs #jeremyhunt #treasury
Emeritus Prof Christopher May · @ChrisMayLA6
2905 followers · 8873 posts · Server zirk.usIts hardly surprising that the #NHScrisis has led to the targeting of those on waiting lists by #BuyNowPayLater firms aiming to 'help' them get private #healthcare;
this #Tory made crisis is enriching #finaincialservcies & other Tory chums, while degrading our #health & #wellbeing.
The strategic defunding of the #NHS is intended to expand the market for private healthcare... who have been preparing by expanding capacity & poaching NHS staff.
#nhscrisis #buynowpaylater #healthcare #tory #finaincialservcies #health #wellbeing #nhs #SaveOurNHS
Emeritus Prof Christopher May · @ChrisMayLA6
2848 followers · 8727 posts · Server zirk.usIt will be no surprise to anyone that despite the reassurances, the actuality of #buynowpaylater, is that around 10% of its clients/users end up in one form of #debt problem or another.... once again the parasitic #financialservices sector has another ago at exploring the vulnerable....
Rentier #capitalism has many darks sides (perhaps is all dark sides) & this is one more of them
https://www.theguardian.com/business/2023/aug/02/buy-now-pay-later-firms-unregulated-britons-debt
#buynowpaylater #debt #financialservices #capitalism
Altreconomia · @altreconomia
241 followers · 1289 posts · Server sociale.networkAcquisti a rate e in pochi clic, tra “interessi zero” e rischio sovraindebitamento https://altreconomia.it/acquisti-a-rate-e-in-pochi-clic-tra-interessi-zero-e-rischio-sovraindebitamento/ #universitàcattolicadiMilano #buynowpaylater #bancad'italia #indebitamento #granbretagna #Attualità #pagamenti #afterpay #scalapay #consumi #debito #klarna #paypal #apple
#universitacattolicadimilano #buynowpaylater #bancad #indebitamento #granbretagna #attualita #pagamenti #Afterpay #scalapay #consumi #debito #klarna #paypal #apple
Richard Forrester - 🐦 escapee · @RichForrest2
159 followers · 3293 posts · Server aus.social
Richard Forrester - 🐦 escapee · @RichForrest2
138 followers · 2424 posts · Server aus.social#buynowpaylater #foodinsecurity #auspol
· @NaturalNews
6040 followers · 28713 posts · Server brighteon.social#GenZ and #GenY in the #UK resorting to #buynowpaylater to manage #finances
https://www.naturalnews.com/2023-04-18-gen-y-z-brits-use-bnpl-schemes.html
#finances #buynowpaylater #uk #GenY #genz
LivFin - Finance Company · @LivFin
0 followers · 6 posts · Server pawoo.net
BNPL or Buy Now Pay Later solution leads you from the traditional credit-based instruments and offers your next generations solutions that are tailor-made for your unique needs.
Visit:- https://livfin.com/buy-now-pay-later/
#buynowpaylater #BestBuyNowPayLaterIndia #BuyNowPayLaterCompanies #PayLaterFinance #BNPLFinance
#BNPLFinance #PayLaterFinance #BuyNowPayLaterCompanies #BestBuyNowPayLaterIndia #buynowpaylater
WinFuture.de · @WinFuture
1159 followers · 1829 posts · Server mastodon.socialApple Ratenkaufdienst: Nur wer ein guter Kunde war, darf später zahlen #Apple #BuyNowPayLater #Ratenzahlung #Kundendaten #Auswertung https://winfuture.de/news,134606.html?utm_source=Mastodon&utm_medium=ManualStatus&utm_campaign=SocialMedia
#apple #buynowpaylater #ratenzahlung #kundendaten #auswertung
Emeritus Prof Christopher May · @ChrisMayLA6
1373 followers · 2667 posts · Server zirk.usFinally the Govt. is drafting #regulations for the #buynowpaylater #credit sector... its been a long time coming & is urgently needed, not least because as Theodora Hadjimichael, from Responsible Finance, observes:
'Buy now, pay later is the wild west of credit with many people racking up commitments they can’t meet [and with ] low awareness of the consequences of missed payments. Regulation is long overdue'. (FT)
Its a quiet but growing scandal in #financialservices & needs better regulation
#regulations #buynowpaylater #credit #financialservices
CryptoNewsBot · @cryptonewsbot
356 followers · 13154 posts · Server schleuss.onlinePayments provider Affirm to sunset crypto program after 19% staff cut - Users will not be able to buy Bitcoin after Mar. 2, and the “Affi... - https://cointelegraph.com/news/payments-provider-affirm-to-sunset-crypto-program-after-19-staff-cut #affirmcryptoprogram #paymentsplatform #buynowpaylater #michaellinford #balancesheet #maxlevchin #staffcut #product #affirm #profit #nydig
#nydig #profit #affirm #product #staffcut #maxlevchin #balancesheet #michaellinford #buynowpaylater #paymentsplatform #affirmcryptoprogram
Vic · @victorp
17 followers · 10 posts · Server techhub.socialAn excellent article where bright people share predictions for Tech Trends that will shape 2023
https://techround.co.uk/guides/expert-predictions-for-tech-trends-that-will-shape-2023-part-1/
#expert #predictions #UK #TechTrends #AI #ChatGPT #realtime #dataled #customerexperience #personalisation #subscriptionstyle #payforwhatyouuse #approach
#BuyNowPayLater #BNPL #domainnamesystem #DNS #labourmarket #IoT #AML #GenZs #SaaS #SaaSmarket #TikTok #MVP #NoCode #Web3 #returntotheoffice #CarbonFootprint #VR #AR #ARsmartglasses
#expert #predictions #uk #techtrends #AI #chatgpt #realtime #dataled #customerexperience #personalisation #subscriptionstyle #payforwhatyouuse #approach #buynowpaylater #bnpl #domainnamesystem #dns #labourmarket #iot #aml #genzs #saas #saasmarket #tiktok #mvp #NoCode #web3 #returntotheoffice #carbonfootprint #vr #ar #arsmartglasses
christina d-h · @inquiline
2142 followers · 1705 posts · Server union.place⚠️ Suddenly *every single* online purchase is accompanied by offer to split up the cost into monthly payments. Those debts must be getting bundled and sold. How much of a liability will this turn out to be? (I mean as a collective problem. I can already see how this will be a problem for individuals) #BuyNowPayLater
DW English - Deutsche Welle · @dw
1573 followers · 702 posts · Server mas.to
Calls grow to curb finance industry's 'buy now, pay later' excesses
#onlineshopping #creditcards #Klarna #buynowpaylater #debt #finance
#finance #debt #buynowpaylater #klarna #creditcards #onlineshopping
Simple Finances · @simplefinances
26 followers · 39 posts · Server mas.to
Looks like #OneMart is becoming a #BuyNowPayLater service. #fintech #walmart
https://www.cnbc.com/2022/12/09/walmart-fintech-startup-one-to-launch-buy-now-pay-later-loans.html
#walmart #fintech #buynowpaylater #onemart
· @hello
3 followers · 3 posts · Server ausfin.tech🤑 About time this was reined in... https://www.9news.com.au/national/buy-now-pay-later-crackdown-by-federal-government/4c55c621-6e20-44c0-a30f-073a58b6de7d #fintech #finacialservices #buynowpaylater #australian
#fintech #finacialservices #buynowpaylater #australian
ijenkins99 · @ijenkins99
2 followers · 16 posts · Server aus.social
#BuyNowPayLater has so much in common with #GigEconomy and #GamblingIndustry - at best, exploitation of the poor and massive profits for bosses; at worst, financial ruin of the vulnerable and the guilty have immunity from prosecution.
Another case where government legislation and independent oversight is needed to ensure fairness and equity. Veneration of profiteers and criminals is not an acceptable substitute.
https://www.abc.net.au/news/2022-11-21/buy-now-pay-later-new-laws-regulation-consumers-financial-abuse/101676286
#buynowpaylater #gigeconomy #gamblingindustry
Jeff Povey · @jeff_povey
306 followers · 429 posts · Server mas.toYou can tell things are getting more expensive in the UK by the number of retailers offering the opportunity to buy the products they sell in instalments, thru services like PayPal pay in 3, Clearpay and Klarna 😏
GlobalNewsAUS 🇦🇺 · @globalnewsaus
115 followers · 565 posts · Server mastodon.socialThe #Australian #BuyNowPayLater Gross #Merchandise Value is Expected to Reach $119 Billion by 2028
#PRNewswire https://www.prnewswire.com/news-releases/the-australian-buy-now-pay-later-gross-merchandise-value-is-expected-to-reach-119-billion-by-2028-301670114.html
#australian #buynowpaylater #merchandise #prnewswire
Hackernoon · @hackernoon_bot
164 followers · 5635 posts · Server social.platypush.techReferenced link: https://hackernoon.com/how-buy-now-pay-later-can-help-you-hack-your-budget
Discuss on https://discu.eu/q/https://hackernoon.com/how-buy-now-pay-later-can-help-you-hack-your-budget
Originally posted by HackerNoon | Learn Any Technology / @hackernoon@twitter.com: https://twitter.com/hackernoon/status/1575427684720574465#m
"How Buy Now, Pay Later Can Help You Hack Your Budget" by @nowsourcing https://hackernoon.com/how-buy-now-pay-later-can-help-you-hack-your-budget #bnpl #buynowpaylater