Is ‘Buy Now, Pay Later’ the Future of Consumer Lending?
Some view soaring BNPL as an existential threat to credit cards and traditional bank loans. Others argue there are strong opportunities.
The latest news and articles about Buy Now Pay Later trends and how BNPL installment payments on retail purchases are disrupting lending and credit markets.
A strong holiday season buoyed BNPL firms' hopes, and the growth forecast is also strong. But clouds are also gathering.
Some view soaring BNPL as an existential threat to credit cards and traditional bank loans. Others argue there are strong opportunities.
The BNPL giant rolled out a "pay now" option and a charge card, raising big questions about what the future holds for traditional payments.
As financial institutions pile on the BNPL bandwagon, Fitch Ratings issues warnings about the potential consequences of this trendy product.
Facing intense competitive pressure, more and more financial institutions are jumping onto the BNPL bandwagon before it's too late.
Buy now, pay later is revolutionizing the marketplace — for both financial and non-financial firms. How can BNPL be a win-win solution for everyone involved? PayPal's vice president of global pay later products Greg Lisiewski has the answer.
Mastercard's entry into the BNPL fray, following Square, Goldman and others, could alter the dynamics of what has been a fintech playground.
No retail banking player can ignore BNPL. But five realities – impacting both consumers and institutions – could determine your involvement.
Banks must balance pressure to grow consumer credit with the need to monitor payment performance as buy now, pay later trend boosts debt.
Buy now, pay later isn't merely a Covid-related trend. Consumers who adopted it during the pandemic say they are likely to continue using it.
An inside look at what makes 'buy now, pay later' so hot, from revenue streams to funding – from the perspective of market leader Sezzle.
The fast-growing BNPL market, popular with Millennials and dominated by fintechs, is already siphoning billions in revenue from banks.
A battle of titans is building between Apple and Google over the future of banking. At stake are data and checking account revenue.
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The short answer: They want it all. But while change continues rapidly in the key payments arena, even their traditional methods hang on.
Anticipation about the mega-retailer's banking ambitions stokes fears, but the evolving role of hybrid fintech/neobank Green Dot is key.
As a new normal begins both must take a fresh look at what they are doing with mobile apps and beyond or get beaten by large national banks.
While new ways to pay on the installment plan beckon, younger consumers attracted to fintech offerings could be wooed back by banks.
Red hot 'BNPL' market is attracting scrutiny, which could give incumbents a bit of breathing space to craft the right response.
Acquiring Radius Bank sets the marketplace lender on a path to further penetrate the prime middle-class consumer market – at much lower cost.
BNPL firms are cropping up more and more, points out Amount's Adam Hughes. How does it affect traditional POS card volume or traditional debit and credit card offerings?
This fast-growing market presents significant challenges to traditional financial institutions hoping to serve younger consumers.
Partnership with fintech backer Ribbit could bring major new financial services to masses in local communities that trust mega retailer.
Calls grow for regulation of fintech-driven POS lending, but for some banks, a credit card variation could be at least a good defensive play.
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CSI surveyed community bankers nationwide to learn their investments and goals. Read the interactive research report for the trends and strategies for success in 2024.