NewDay is one of the UK’s largest providers of consumer credit with the simple purpose of helping people move forward with credit. We are proud to serve close to five million customers across the UK through our portfolio of brands designed to meet a range of different consumer credit needs. This includes five of our own brands, alongside a stable of retail and e-tail partnerships with leading brands.

Newpay is an instant access digital credit account designed to help consumers spread the cost of bigger online baskets and purchases. Newpay fully integrates into the retailer’s checkout experience, offering seamless access to credit for customers. It offers customers a credit limit of up to £5,000, which can be used across a range of retailers, and it allows them to break down the cost of online purchases into monthly payments, with just one amount to pay each month, even if an individual has multiple payment plans.

A credit product regulated by the Financial Conduct Authority, Newpay uses the same standard of affordability checks as NewDay’s other consumer credit products and checking eligibility for Newpay does not impact an individual’s credit profile. As a credit account, Newpay can help customers to build their credit score over time, provided that they remain within their credit limit and make their monthly payments on time. This is a key differentiator for customers, unlike some unregulated Buy Now Pay Later products in the market.

Newpay customers only need to be approved once and receive a credit limit that will apply to all current and future purchases made via their Newpay account, rather than have each transaction approved individually.