Finance

Banks are posing a threat to buy now, pay later players by offering merchants their own way to roll out the popular payment method

6 days ago   |   By Business Insider

Summary List Placement Buy now, pay later was a breakout star in the payments world in 2020, with growth fueled by the rapid acceleration of e-commerce.
More than a third of US consumers used a buy now, pay later offering by July 2020, according to Insider Intelligence. It's the fastest-growing category in payments, projected to more than double its market share in North America from 1.6% in 2020 to 4.5% in 2024, according to Worldpay's 2021 Global Payments Report .
But as fintechs like Affirm, Afterpay, and Klarna have grown in popularity and valuation , their strategy has shifted from...
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