Consumer ProtectionEconomy
Belgium Bans Klarna and BNPL Services for Minors
Belgium bans Klarna and buy now, pay later apps for minors, closing a regulatory loophole and transposing the EU Consumer Credit Directive II.
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Belgium bans Klarna and buy now, pay later apps for minors, closing a regulatory loophole and transposing the EU Consumer Credit Directive II.
Nearly 250,000 Belgians are in arrears on consumer loans as defaults hit 110,000 in 2025, a 16% rise. Rising costs and BNPL apps fuel the crisis.