Briefing
The Rise of Buy Now, Pay Later: Bank and Payment Network Perspectives and Regulatory Considerations
Abstract: Buy now, pay later (BNPL) products offered by fintechs have gained traction among consumers and merchants in recent years and could compete with credit cards as a payment option. We explore the reactions of banks and payment networks to BNPL products as well as the current regulatory environment.
Keywords: Buy Now Pay Later (BNPL); Payments; Credit cards;
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Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Payments System Research Briefing
Publication Date: 2021-12-01
Issue: December 1, 2021
Pages: 6