Revolut to introduce BNPL

Revolut is preparing to launch a ‘buy now, pay later’ feature, becoming a rival of ClearPay and Klarna. 

The company will allow users to spread the cost of in-store and online purchases over a period of time, chief executive Nikolay Storonsky has said.

Revolut said the products were in very early development and would be likely to be trialled across some European markets next year.

Read more: City A.M.