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BNPL: U.S. Volumes Will Surpass $100 Billion Annually by 2024
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Mercator Advisory Group’s latest report suggests high credit losses, pricing issues, and competition will force model change.
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BNPL is not the “new thing” in lending; it is a modernized version of retail finance. There is certainly a high appeal, but with limited credit policies, consumers need to self-govern their retail purchasing so that they do not overextend themselves financially. BOSTON (PRWEB) May 10, 2021 Mercator Advisory Group released a report covering the Buy Now, Pay Later (BNPL) lending model, titled Buy Now, Pay Later: Gaining Scale and Disrupting the Status Quo in Lending. The research explains the current market, discusses the strengths, weaknesses, opportunities, and threats to fintech, and explains the business and cashflow of this emerging credit option.
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