Building Global Scale and Engagement Through BNPL

©iStock/Khaosai Wongnatthakan

I [Laurel Delaney] talked about the business model Buy Now, Pay Later (BNPL), in my Global Trade Trends Report 2022 and that point-of-sale (POS) financing services in the United States have grown significantly over the past 24 months, especially since the onset of COVID-19.

Trends fueling growth include digitization, rising merchant adoption, increasing repeat usage among younger consumers, and an expanding set of players targeting lending at point of sale, a service also known as “buy now, pay later.”

Learn more how banks seeking long-term growth should explore market entry, and merchants should reassess their financing offers.

from The Global Small Business Blog https://ift.tt/TS6hZn0