The state and future of BNPL

For many consumers globally, the options for non-cash payments have traditionally been between credit and debit. However, the last decade has seen payment methods evolve significantly, particularly for ecommerce, including with the emergence of buy now, pay later (BNPL).
Also known as alternative financing at point of sale, BNPL first emerged a decade ago, with early entrants including Splitit and Affirm in the US, KueskiPay in Mexico and Alma in France. However, the pandemic-led increase in ecommerce has helped BNPL grow in prominence and popularity, particularly in Australia, New Zealand, Europe and later in the US.  Read more…