Tag: lending
BNPL responsibly.
Consumers are increasingly opting for “Buy Now, Pay Later” services regarding financing options. These services are exploding in use and will only increase in the months and years ahead. Quick Background These services directly or indirectly use companies such as Affirm, Afterpay, Klarna, and PayPal Credit for consumers to make interest-free installment payments on a purchase over several weeks. These companies are high-tech clearinghouses in addition to their direct-to-consumer offerings. Just today, Apple introduced its BNPL via Apple Pay, and I have no doubt it’ll be wildly profitable for them, given their various channels and cross opportunities. Not A New Concept ... Read more