I'll just add that we are seeing the BNPL being almost like a complement or a gateway to credit cards. Many BNPL installments are paid with the credit card.
The unregulated fintech market with BNPL could be 0% interest and interest-free installments. There could be a fee baked into the installments. There could be NSF fees. There could be interest rates. There could be interest rates that go back at relatively punitive rates to the date that the purchase was made, even in the event of default. Also, if you buy something, like a purse, and then you return it, if they don't receive the returned good, then the BNPL could still come into effect.
All that is about understanding that the BNPL could be a gateway to increase credit card debt and then it starts to snowball. Therefore, education matters...would be great, not seeing it as free money and really ensuring the public is aware.