Payments, Credit and Vertical SaaS with Matt Brown of Matrix Partners
Rebank: Fintech Analysis
00:00
The Benefits of by Now Pay Later
By now pay later simplistically is kind of a win-win product, right? It's like pitches to the merchant except this new form of effectively, you know, credit-based payment. You will get paid merchant immediately. We will take the credit risk. And this is going to lead to a much higher conversion rate of consumers buying on your website because the consumer on their side will be able to pay back over the course of three months or six months in fixed installments. So it's a beautiful kind of win-win with, albeit, important credit risk being taken by the by now pay later provider.
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