Buy Now, Pay Later: Disrupting Traditional Consumer Credit
This technical note discusses the history, competitors, risks and benefits, and economics of Buy Now, Pay Later (BNPL)—a financial product that allows consumers to make purchases and defer payment over a specified period without credit checks, down payments, or interest payments, unlike traditional credit options. The note also explores key characteristics of other consumer credit products, such as credit cards and unsecured loans, providing comparison and contrasts with BNPL.
Collection: Darden University of Virginia (USA)
Ref: DARDEN-F-2091-E
Format: PDF
Number of pages: 17
Publication Date: Sep 25, 2024
Language: English
Review date: Dec 3, 2024
Description
This technical note discusses the history, competitors, risks and benefits, and economics of Buy Now, Pay Later (BNPL)—a financial product that allows consumers to make purchases and defer payment over a specified period without credit checks, down payments, or interest payments, unlike traditional credit options. The note also explores key characteristics of other consumer credit products, such as credit cards and unsecured loans, providing comparison and contrasts with BNPL.
Read more
Industry Setting: Financial Services
Leave your rating
"Buy Now, Pay Later: Disrupting Traditional Consumer Credit"
Register for free with IESE Publishing and enjoy all the advantages
What type of account do you want to create?
Choose account type
Professors
Academic Institutions
Individuals