Like it or not, buy now pay later will cleave customers away from credit companies Damian Kassabgi For some, buy now, pay later has become a dirty term. Instead of looking at the positives the industry is bringing, not only to consumers, but the wider economy, buy now, pay later schemes have been branded a new version of “wonga” loans, by some or even used as an insult to throw around amongst [...]
Clearpay: the current credit system is broken and out of touch with consumer demands Gen Z and Millennials have developed an undeserved reputation for being bad with their money. In fact, younger generations are more savvy than ever with their finances. New types of payment methods, such as buy now pay later (BNPL) products, and bank accounts which enable flexible budgeting options are leading the market for a reason. Over half [...]