What future BNPL industry trends await - LendIt Fintech News (lendacademy.com)
Split pay, where consumers split their purchase amount into typically three or four repayments, is one BNPL product that attracts consumers that generally would not apply for consumer loans. It is not a loan but rather a payment product that uses an existing credit card.
By offering a white-labeled solution from banks and lenders, merchants can retain their customers and data and build their brand.
Therefore, we will see quite a dramatic merchant shift to offer regulated BNPL products through banks or white-label BNPL fintech providers that comply with regulatory best practices and promise the customer financial responsibility and transparency.
Merchants and banks are now turning to white-labeled platforms where they can gain the ability to provide a full suite of BNPL products, from installment loans and lines of credit through split payments.
Looks like we may be onto something?
What future BNPL industry trends await - LendIt Fintech News...
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