De Nederlandsche Bank published a recap of a public discussion on whether easier online payments, particularly buy now pay later services, contribute to financial problems among young people. Participants said payment convenience is not itself the cause of debt but can intensify risks when users have limited financial knowledge, age controls are ineffective and deferred payment obscures the financial obligation. Buy now pay later services typically split purchases into three interest free installments, but collection costs and interest can accumulate after missed payments. The Netherlands Authority for the Financial Markets has found that minors use these services despite an age threshold of 18, while youth debt charity ONS Bank reported average debts of EUR 15,000 among those seeking help, with some owing EUR 75,000 or more. Buy now pay later services are expected to fall within credit provision rules from the end of 2026. Participants also advocated financial education, stronger age restrictions and clearer payment design, while De Nederlandsche Bank's Ellen Naudts argued that consumers should encounter enough friction to recognize financial risk and should retain an easily accessible option to pay immediately.
2026-09-24De Nederlandsche Bank
De Nederlandsche Bank discussion highlights youth debt risks from buy now pay later services
De Nederlandsche Bank highlighted how buy now pay later services can amplify youth debt risks when financial knowledge and age controls are weak. The services are expected to come within credit provision rules from the end of 2026, while participants advocated financial education, clearer payment design and stronger protections for young users.