News Formal

PayPal's buy now pay later is taking on startups and banks alike - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

PayPal's buy now, pay later launch is kicking off the next wave of adoption. Here's what it means for startups and banks competing in the space.

. And analysts expect that scale to be beneficial for PayPal in the competitive buy now, pay later space.

Incumbents' buy now, pay later-type products differ from the fintechs in that they are typically offered after the purchase, and the installment plans are then worked into credit-card statements. "It used to be that going with another buy now, pay later was an alternative to using conventional PayPal, linked to some other card or account. Now it's all within the ecosystem, so the leap to make the installment financing choice is much shorter in our view," he added.

"The difficulty with assessing whether there will be increased use or not is that in some cases, retailers have decided to engage other buy now, pay later platforms in exclusive agreements," Golding said. "That may or may not prove to be a barrier to PayPal broadly deploying this across the entire online marketplace ecosystem. That has yet to be seen."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Banks report record amount of suspected business-loan fraud during PPP - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If Biden wins, millions of Americans look forward to the media attacking him for 4 yrs just like they attack Trump. If media doesn’t give Biden same treatment a lot of Americans will be unhappy.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Meet Business Insider's 10 execs transforming the advertising and media industries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »