Showing posts with label BNPL. Show all posts
Showing posts with label BNPL. Show all posts

Thursday 6 July 2023

The Business Model Behind Buy Now, Pay Later Apps


Buy now, pay later companies like Affirm, Klarna and Afterpay boomed during the pandemic as consumers looked for an accessible alternative to credit cards. But even as their customer bases grow, these companies are struggling to turn a profit. 

PayPal, Apple and even credit card companies themselves are trying to get in on the action. 
WSJ explains how these services work, how they differ from traditional credit card payments and why some consumers have concerns.

Friday 23 September 2022

How does BNPL work?

 Follow the diagram and see how BNPL (Buy Now Pay Later) works.



Wednesday 30 March 2022

How to design Buy Now Pay Later


What to get right when designing BNPL. Five design principles to keep in mind, surfacing relevant examples from Pulse while providing their very own design solution.

Tuesday 28 December 2021

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.

Read the full article HERE

Saturday 20 November 2021

Is Buy Now, Pay Later A Good Idea For Consumers?

Consumers have flocked to “buy now, pay later” businesses in recent years as a way to make big purchases more manageable. In fact, these new services have become big competition for traditional store credit cards. Their rapid growth is raising questions about the benefits and risks for consumers, as well as the lack of regulation.

 

Monday 6 September 2021

What are the Potential Pitfalls for Merchants Offering BNPL?

In this episode of Truth in Data, PaymentsJournal discusses potential pitfalls for merchants offering BNPL.

Thursday 15 July 2021

Apple Working On 'Apple Pay Later' Monthly Installment Offering

Apple is developing a perk for Apple Pay users that will allow them to buy products and pay for them in monthly installments, according to a Bloomberg report.

Thursday 14 January 2021

Banking & Payment Trends that Will Get Hotter in 2021

There are 5 banking and payments trends that are going to be really hot in 2021; that is according to a piece by Safwan Zaheer writing in a blog post in The Financial Brand.

And what are these 5 trends?
  1. Buy Now, Pay Later (BNPL) will take off.
  2. Venmo will emerge as a new type of payment tender.
  3. “Embedded Banking” is going to grow faster as more institutions offer banking capabilities to non-banks.
  4. Digital currencies and Stablecoins are going to gain major traction.
  5. There are going to be more financial institution mergers in 2021.

Read all the details at The Financial Brand HERE  


 
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