Buy Now, Pay Later (BNPL) Will Require a CNB License

An amendment to the Czech Consumer Credit Act introduces a licensing requirement for providers of buy now, pay later (BNPL) deferred payments.

Anyone offering e-shop customers deferred payment or instalment purchases will need a CNB license once the amendment takes effect, even if the customer pays nothing extra when paying on time. The exemption will remain only for merchants who themselves give customers a short payment deferral for their own goods.

We have long handled non-bank consumer credit provider licenses at the CNB. We will prepare the application, including the business plan, internal policies and AML documentation, and guide you through the entire procedure. For existing providers, we will update contracts, advertising and procedures to the new rules.

Who the amendment affects and which exemptions apply is summarised on the page Non-Bank Consumer Credit Provider. Contact us at info@stuchlikova.com.