Buy Now,

Pay Later

newsletter #14

BNPL? How it works

If you, by any means, have found yourself shopping online as of late, you have most definitely been bombarded with different financing options at checkout, the most common being “Buy Now, Pay Later” (BNPL) services with platforms like Klarna or Afterpay.

How about when the “later” never comes?

BNPL platforms make it very easy to get financing, and this can sometimes make people feel as if they are not taking on debt. And the way how BNPL works, it can quickly become expensive if you don’t make your repayments on time.

But are these regulated services?

BNPL services have become very popular over the past few years, – with over 10.4 million consumers used BNPL in the past year – concerns about its regulatory framework have risen, and since BNPL loans do not charge interest, they are not regulated as credit products.

Ok, but what are some great advantages to this?

At first glance, the benefits BNPL services are straightforward – you’ll split your purchase into smaller, more manageable payments and have more time to pay it off. This gives consumers more flexibility before payday, as well as greater spending power because you’re not making a large purchase all at once.

Breaking Banks Europe

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Social Responsability

The consumers of today value companies that do more than just make services and products – they want businesses to take on numerous socially responsible causes that can make a difference in their communities, and BNPL has made people think about how the implementation of instalment payments can help businesses in charitable causes.

Report – Global Buy Now Pay Later Industry and Trends 2021

Global Buy Now Pay Later Industry and Trends 2021

The report provides insights into the current state and future trends of the BNPL industry across the globe. The publication reveals that due to the economic disruptions in 2020, the demand for BNPL payments has increased significantly, and new local players appeared in different regions

We also want this newsletter to have a space for our partners and sponsors who supported the acceleration of FinTech ecosystems worldwide

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