Tearsheet Podcast: Exploring Financial Services Together

Power of Payments Ep15: Citizens Pay's Gaurav Sethi on bank-owned BNPL, CFPB and economic challenges

Oct 7, 2022

22:10

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Highlights

AI Chapters

Episode notes

Citizens Pay - What's on the Horizon?

03:52

Fintech Lenders and Citizen Space Products - Is Regulation Coming?

04:25

Fintech Lenders: How Does the Firm Plan to Get Through This Difficult Period?

03:13

Introduction

3min

Binaud Paylater: What's Different About Citizens' Pay?

5min

Fintech Lenders: How Does the Firm Plan to Get Through This Difficult Period?

3min

Fintech Lenders and Citizen Space Products - Is Regulation Coming?

4min

The Future of the B and P L Sector

3min

Citizens Pay - What's on the Horizon?

4min

Welcome back to the Power of Payments podcast. I’m your host Ismail Umar, and in today’s episode, I’m joined by Gaurav Sethi, chief strategy officer at Citizens Pay. Citizens Pay is a bank-owned BNPL offering from Citizens Bank, one of the oldest financial institutions in the US, which provides retail and commercial banking products and services to individuals, small businesses, and large corporations. In our conversation, Gaurav talks about how being a bank-owned BNPL provider differentiates Citizens Pay from other major players in the space like Klarna and Affirm, how the current macroeconomic climate is impacting Citizens Pay as well as other BNPL firms, and the recent report from the CFPB and what increased regulation would look like for BNPL lenders.