Thorben Klünder, Author at PAYMENT.TECHNOLOGY.LAW.

Thorben Klünder

3 posts

Thorben Klünder is a lawyer at Annerton’s Berlin office. He advises national and international clients in the areas of payment services, finance, blockchain and DLT. His focus is on the legal analysis and structuring of factoring models, the drafting of cooperation and credit agreements, security agreements and consumer terms and conditions. He also supports credit institutions in the implementation of regulatory changes.

FFinTech

8 minute read

Warning! Borrowing money costs money!

byChristopher Gretsch,Thorben Klünder
14. October 2025

Digitalisation has radically transformed consumer lending. What used to be called hire purchase is now marketed as “Buy Now Pay Later” – and it’s booming, especially for smaller purchases. But with its widespread use come new risks. Lawmakers are now planning to take action.

FFinTech

3 minute read

Buy Now Pay Later – Overview of the Legal Framework

byThorben Klünder,Dr. Florian Lörsch
3. July 2025

Spontaneous purchases, deferred payments – Buy Now Pay Later (BNPL) is a hallmark of modern consumer behaviour that prioritises flexibility. Once a familiar feature of mail-order catalogues, the model has evolved with the rise of e-commerce across Europe. Yet behind the seemingly simple concept lies a complex regulatory landscape that warrants closer scrutiny.