credit card-linked instalments fintech Float goes live in the UK

Float, a new fintech platform, has debuted in the UK, enabling merchants to offer shoppers up to 12 interest- and fee-free monthly instalments using their existing credit cards. This service is compatible with over 55 million cards and eliminates the need for new credit applications or additional sign-ups. This move could reshape consumer spending habits by providing more flexible payment options, potentially increasing consumer spending and altering the landscape for traditional credit and financing methods.