BNPL might look like the next big thing, but it’s riddled with...

BNPL might look like the next big thing, but it’s riddled with problems that are hard to ignore. Instant approvals and flexible payments sound great, but they’re encouraging people to take on debt they can’t handle. The result? Missed payments, rising defaults, and a financial mess for both consumers and providers.

For businesses, the promise of higher sales and reduced cart abandonment isn’t as good as it sounds. While merchants might see short-term revenue gains, they’re paying steep fees to BNPL providers, which eat into their margins. On the provider side, the real burden comes from customers failing to meet repayments, adding significant risk to an already shaky model.

Industries like education and travel adopting BNPL are walking a dangerous line. Pushing people to borrow for non-essentials, especially in a tough economic climate, is a recipe for trouble.This isn’t a revolution. It’s a bubble that’s getting bigger and more fragile. When the cracks start showing, the fallout could be massive.