Saturday, January 23, 2021

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Laybuy: Launches BNPL code of practice

  • Laybuy, the leading New Zealand-based BNPL provider, published the UK’s first draft Code of Practice for members of the BNPL sector
  • Laybuy established to help consumers avoid the traps of high-interest credit debt
  • Help families better manage their budgets by allowing them to stagger their payments interest-free
  • One of the UK’s largest BNPL providers very strongly establishing a code of conduct which prioritises
  • Always act fairly and honestly, be ethical, and treat customers reasonably in all dealings
  • Provide financial hardship assistance, including freezing repayments and late fees while finding an alternative payment arrangement

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