BNPL Forum attracts delegates from across the globe
24 MARCH 2021
The revolving credit card has done wonders for bank profits over recent decades, sometimes accounting for most if not all of the bottom line results of major players in many countries. Now it is under serious attack from a form of instalment finance called Buy Now Pay Later, or BNPL . It’s hard to believe that what many claim as the most popular consumer financial product ever invented is under threat but BNPL providers are adamant that the credit card is well on the way to becoming “a legacy product”!
If the predictions of the Buy Now Pay Later enthusiasts turn out to be right consumer finance as we know it could be on the edge of a revolution that will transform the world of payment cards and the careers of its management and personnel. As things stand only a small proportion of people working in consumer finance have a deep understanding of BNPL.