In 2026, the UK will legislate to strictly regulate "buy now, pay later" loan companies, requiring them to compulsorily verify borrowers' ability to repay.

According to the ZhaoTong Finance APP, the British government announced that it will implement comprehensive regulatory upgrades for the "Buy Now Pay Later" (BNPL) industry starting next year, to align regulatory standards in this field with other consumer credit products. According to the latest statement from the Treasury, the relevant legislative draft will be formally submitted to Parliament for review this Monday, aiming to fill industry regulatory gaps through systematic rules.