Gen Yers and Zers are turning to payment services like Klarna, Afterpay, and Laybuy to help their wallets keep up with their shopping habits. But due to a lack of education regarding financial responsibility, how are these ‘buy now, pay later’ services impacting their financial futures?

For many, credit scores are hard to understand. To help ease confusion, Monzo is launching an in-app feature allowing users to check their credit scores in a simplified way. As people look to tech to boost their financial literacy, apps that offer streamlined help will no doubt be appreciated.

The Karat card is designed to help online creators build their credit scores and pay for business-related expenses. With financial strains resulting from the pandemic, banks can provide financial support by easing application steps and looking at factors other than credit scores.

The pandemic hasn’t been easy on anyone, especially not on freelancers whose income streams have stalled. Created by several financial challenger brands, Covid Credit is a digital questionnaire and service that helps the self-employed apply for government-subsidised relief schemes.