Buy now, pay later debt per capita on nine different platforms in the UK 2020-2021

The average amount of buy now, pay later debt from a UK consumer grew by several percent between 2021 and 2020 - although values did differ per BNPL platform. Klarna and Clearpay - two of the most downloaded BNPL apps in the United Kingdom - also had some of the lowest debts per capita compared to some of the other leading BNPL platforms. The source does not explain why these differences exist, although it does mention that most consumers took significantly longer than the average repayment time limit of 49 days. This included both Klarna as well as Clearpay, as eight percent and 17 percent of respondents, respectively, felt they would not be able to pay back their money to the two platforms within 30 days after a purchase. In general, however, repayments were outstripping new lending since the coronavirus pandemic, with regards to credit card debt in the UK.