Buy Now, Pay Later: Ongoing Growth for This Popular Consumer Credit Product
“Buy now, pay later” is not new, but it has gained considerable traction with the help of technology. BNPL apps such as Apple Pay Later are popular with consumers, who can borrow small sums for purchases with zero interest and comparative ease. Regulators are weighing the risks this relatively unregulated payment method poses to borrowers.
United States Charles Abraham Us Consumer Financial Protection Bureau Us Financial Services Practice Leader Federal Reserve Bank Services Practice Leader
Source: internationalbanker.com