John Lewis mulls buy now, pay later scheme

The CEO of John Lewis has said the retailer will consider introducing buy now, pay later initiatives for lower-priced items.

A man carrying a John Lewis and Partners shopping bag
(Image credit: Getty Images)

John Lewis is considering launching a buy now, pay later (BNPL) service as customers continue to feel the impact of inflation and higher interest rates on their finances. 

Nish Kankiwala, the retailer’s CEO, said younger customers “expect” buy now, pay later (BNPL) and said the department store was likely to develop its own version of the service.

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Pedro Gonçalves
Contributor

Pedro Gonçalves is a finance reporter with experience covering investment, banks, fintech and wealth management. He has previously worked for Yahoo Finance UK, Investment Week, and national news publications in Portugal.