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The future of credit for the young, or just another way of getting into debt? Would you pay for a product now, when you could simply delay payment for free? Ever since the pandemic forced millions of us to stay at home, millions more of us have been buying goods online using a new form of credit. Buy now, pay later offers goods interest free and it's proving very tempting to many younger shoppers. But is it just a new form of debt trap? Ed Butler speaks to Nick Molnar co-founder of Afterpay and Sebastian Siemiatkowski, the cofounder and CEO of Klarna, the Swedish based firm that's now the world's biggest buy now pay later provider. He also hears from Alice Tapper of personal finance forum Go Fund Yourself who says regulation is desperately needed to protect younger consumers. Plus Amber Foucault from the consumer spending analytics company Cardify who says that until global regulation comes in, we should watch out for many younger customers getting into financial trouble using this system.

(Picture: "Payment due!" written on a calendar with a bank card on top. Credit: Getty Images.)