Stanislav Shekshnia, INSEAD blog
I think BNPL is just taking away market share from traditional store cards and credit cards. Would be interesting to see total values of consumer debt.
The alternative opinion is that millenials are not creditworthy to obtain proper credit cards, hence BNPL is the next best alternative for them
Well, I'm the one, and as I can judge, all of my peers have credit cards, because banks throw cards at people like it's nothing important.
I think BNPL is just taking away market share from traditional store cards and credit cards. Would be interesting to see total values of consumer debt.
The alternative opinion is that millenials are not creditworthy to obtain proper credit cards, hence BNPL is the next best alternative for them
Well, I'm the one, and as I can judge, all of my peers have credit cards, because banks throw cards at people like it's nothing important.