The Buy Now Pay Later (BNPL) concept continues to grow in popularity thanks to repeated exposure to potential users at points of sale, according to findings by JD Power as a part of one of their annual reports.
The Consumer Financial Protection Bureau must take into account the differences among buy now/pay later lenders. Some — including traditional banks — are more committed to offering responsible financing without late fees or hidden costs.
Ongoing uncertainty in BNPL regulation could make streamlined links between traditional providers and merchants to provide solutions key.
As ‘buy now pay later’ (BNPL) financing becomes ever-more popular, some providers claim they are taking would-be customers from credit card issuers. But with FCA regulation on the horizon, might the sector’s growth be curbed?
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Buy Now Pay Later is taking off in Latin America as an alternative for short-term financing and financial inclusion.
As the payments world is constantly evolving, new channels are popping up, and new payment types are popping up.
Walia sees plenty of activity in BNPL, beginning with brands partnering with banks to introduce their BNPL capability.
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With BNPL solutions transforming the speed and ease of online shopping checkouts, providers must act proactively against fraud, says DataVisor CEO Yinglian Xie.