Buy Now, Pay Later

What's behind the explosion in popularity of Klarna and its competitors? Most of us have found ourselves wanting something that we can’t quite afford. If you’re low on funds and waiting for money to come in, there are a multitude of borrowing options, from overdrafts and loans to credit cards. A new option that is expanding fast is the Buy Now Pay Later model, where customers have the option to pay back money for their purchases and there’s no interest charges - provided the debts are cleared on time. But is it too good be true? Join Evan Davis and his panel of experts to get to the bottom of the BNPL industry

GUESTS Alex Marsh, Head of Klarna UK Alice Tapper, financial journalist Sameer Pethe, Financial Services Partner, Kearney

Producer: Lucinda Borrell Sound: Graham Puddifoot Production Coordinators: Sophie Hill and Siobhan Reed Editor: Hugh Levinson

Produced in association with the Open University