# UK consumers spend online using such deals rose up to £1.7bn a month.

*fintech · news · 2024-04-06 · The Guardian*

## Key points

- UK online 'buy now, pay later' spending reached £1.7bn per month, a fourfold increase since 2020.
- Government-promised regulation for 'buy now, pay later' has been delayed over three years despite rapid market growth.
- More than £1 in every £7 spent online in early 2024 was via 'buy now, pay later'.
- 35% of regular users have used 'buy now, pay later' to buy groceries, increasing debt risk for essentials.
- Klarna says only 0.6% of its transactions are sent to debt collectors, with no added interest.

**Companies:** Klarna, Zilch
**Countries:** United Kingdom

[Read the full story on The Guardian](https://www.theguardian.com/money/2024/apr/06/fears-of-spiralling-debt-as-buy-now-pay-later-credit-quadruples-in-uk)

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