A major high street bank, serving 18 million customers, is poised to discontinue a “lifesaving” payment option. Starting tomorrow, NatWest will cease offering Buy Now Pay Later (BNPL) services.

NatWest introduced its BNPL service with much fanfare in the summer of 2022. However, it is now discontinuing the service due to low adoption rates.

The BNPL feature allowed customers to spread payments over four monthly installments without incurring interest.

Customers could manage their BNPL plans…