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~ APEXX ~

With that said, I truly believe that any regulation has to be BNPL, the potential for savings on interest payments will only
light touch and cannot stifle the progress of BNPLs. In a post- increase.
Brexit world, Global Britain must ease the burden of red tape
on the industry in order to stay competitive. Our departure Collectively, the industry has a duty to ensure that it provides
from the EU has consumers with the
created an amazing necessary information
opportunity for “NO ONE WANTS to make the right
London to be purchasing choices
at the centre whilst also protecting
of banking and TO SEE ANOTHER them should anything
fintech for the go awry. The future of
WONGA”
future, and we must retail is upon us, and
allow innovative we have to capitalise
fintech startups to on this opportunity to
flourish. make Britain a global
hub for innovation
Allowing innovation in finance would also help BNPLs to while also establishing a new consumer credit environment
grab business from traditional credit cards. BNPL helped that is fairer, more transparent and has the best interests of the
UK consumers to save over £75 million in interest payments customer at its core. ••
in 2020 instead of credit cards. As more consumers choose

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