Fintech Takes Fintech in 2025: Where the Industry Goes Next - BNPL 2.0
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Dec 2, 2024 Rahul Shah, who leads core product at Marqeta, dives into the thriving world of Buy Now, Pay Later (BNPL) services. He discusses how BNPL has become a standard for younger consumers, expanding beyond trendy items to everyday purchases. With millions lacking traditional credit, BNPL fills a crucial gap. The conversation also explores the potential impacts on traditional credit structures. As BNPL flourishes, will it promote financial health or lead to consumer overextension? Tune in for insights on the future of payment flexibility.
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BNPL's Enduring Appeal
- BNPL's enduring appeal stems from meeting consumer needs and wants.
- It serves millions of Americans lacking traditional credit access and younger generations wary of debt.
Technology's Role in BNPL
- Technology enables BNPL by making it feasible to underwrite smaller transactions.
- This unlocks a form of financing that was previously too expensive to manage.
Ease of BNPL Repayments
- BNPL simplifies repayment with transparency and automated withdrawals.
- Users know the installment amounts, fees, and payment schedules.