Community
A community to discuss the future of BNPL and any other interesting trends, strategies, ideas, views.
As the owner, you will also give up ownership if you leave this group.
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
Over the past 3 to 4 years, we have seen the Buy Now Pay Later (BNPL) segment grow exponentially. But, typical to most growing businesses, this segment is also facing some challenges like: - a. Increasing Regulatory scrutiny w.r.t source of funds and given that BNPL has often operated in a grey zone. b. Allegations of lack of transparency and vario...
03 March 2022 /payments /retail
Retired Member
Paying for goods on the installment plan is hardly a new payment scheme, but it has resurfaced in response to increased consumer interest. “Buy now, pay later” gives consumers greater control over how much they spend and where they spend it. It also gives them more freedom to purchase the things they want, even without enough cash on their account...
19 January 2022 /payments /retail
Nick Green Director at Purple Patch Broking Ltd
With the number of online purchases using BNPL services growing at a rate of 39% per year, more and more lenders are starting to become concerned with high BNPL usage, and how that data will be included within risk models and scores. Against this backdrop, and with The Treasury set to close its consultation on the FCA’s regulation of the buy now pa...
18 January 2022 /regulation /retail
Paul Christensen CEO at Previse
It seems ironic that Buy Now Pay Later (BNPL) offerings are considered a touchstone of customer-centricity in today’s highly sophisticated payments sector. In-store credit has been present across B2C payments for as long as people have been buying goods and services. Yet, with a consumer-friendly, app-based interface, BNPL has seemingly sprung fro...
25 November 2021 /payments
Tatsiana Kuchminskaya Chief Financial Officer (CFO) at Andersen
The ongoing COVID pandemic, global inflation, and overall uncertainty has aggravated the problem of global debt. According to a recent summer report by UBS, the scale of this problem has become truly tremendous. While governments, central banks, and large corporations try to deal with these challenges on their own, individual households and provid...
22 November 2021 /wholesale /markets
The UK Treasury recently published a consultation on how it will regulate BNPL, potentially making the UK the first major credit market to regulate these booming, innovative products. The FCA said the sector quadrupled to £2.7bn last year during the pandemic - to about 1% of the UK’s entire credit market - with more than 5 million active users. Th...
16 November 2021 /regulation /retail
Jeremy Nicholds CEO at Judopay
The ability to buy goods and pay the merchant back over time is literally ancient, perhaps 5000 years old, but it is only in the last few years that Buy Now, Pay Later (BNPL) apps have made deferring payments as easy as clicking a button. Spearheaded by the Swedish fintech company Klarna, BNPL is now a fixture of eCommerce and in-store checkouts,...
02 November 2021 /security /payments
Fintech’s, merchants, and big tech brands are forming new attractive buy-now-pay-later (BNPL) and hybrid instalment-based offerings shaking up credit card lending and forcing businesses to rethink data requirements and strategies. Growing at a rate of 39% per year and expected to exceed $260 billion by 2025, BNPL services can’t be ignored. BNPL of...
14 October 2021 /payments /retail
We have all recently heard/read an article or story regarding the growing business of the so-called “Buy now, pay later”. Every week there is a new company in the banking or payments sector entering or launching a BNPL product (i.e. Revolut, Apple, Monzo, Amazon, Square, etc.). All these players are entering because they must think that there ...
15 September 2021 /payments /retail
As more players enter the market, BNPL is becoming a crowded space with innovative product variations. Other than the traditional pay-in-four model that pureplays offer, new entrants offer a variety of products that incorporate the fixed payments feature. Some examples in the market include splitting credit balance ( Scotiabank), splitting purchas...
13 September 2021 /payments /retail
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