Framework for Mapping Digital Vulnerabilities in BNPL

This document is a technical report that presents a multidisciplinary framework aimed at mapping current and emerging digital vulnerabilities associated with Buy-Now-Pay-Later (BNPL) services in the UK. The report outlines the definition of BNPL as an unregulated, interest-free short-term loan that allows consumers to delay payments for retail goods. It discusses the risks involved, particularly for younger consumers who may struggle with debt. The framework identifies vulnerabilities across Financial, Algorithmic, Regulatory, and Ethical domains, emphasizing how these vulnerabilities are interconnected. It highlights the need for further research and regulatory measures to address the challenges posed by BNPL platforms, including issues related to data usage, transparency, and consumer protection. The report also calls for a re-evaluation of the regulatory landscape to better protect consumers from potential exploitation and to ensure responsible lending practices.