Cash-strapped British shoppers are expected to build up more debt by turning to buy-now-pay-later services this Christmas.

Online spending using BNPL loans is set to rise almost 9% during the holiday season to a record high of £3.7 billion ($4.5 billion) in the UK, according to Adobe Digital Insights. That will push the total use of BNPL online this year to more than £17 billion, a 26% increase on 2022.