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The Rise of Buy Now, Pay Later: Bank and Payment Network Perspectives and Regulatory Considerations

Author

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  • Julian Alcazar
  • Terri Bradford

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.

Suggested Citation

  • Julian Alcazar & Terri Bradford, 2021. "The Rise of Buy Now, Pay Later: Bank and Payment Network Perspectives and Regulatory Considerations," Payments System Research Briefing, Federal Reserve Bank of Kansas City, issue December , pages 1-6, December.
    • Handle: RePEc:fip:fedkpb:93641
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    File URL: https://www.kansascityfed.org/Payments%20Systems%20Research%20Briefings/documents/8536/PaymentsSystemResearchBriefing21AlcazarBradford1201_gIx89QT.pdf
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    References listed on IDEAS

    as
    1. Julian Alcazar & Terri Bradford, 2021. "The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives," Payments System Research Briefing, Federal Reserve Bank of Kansas City, issue November , pages 1-7, November.
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    Cited by:

    1. Guttman-Kenney, Benedict & Firth, Chris & Gathergood, John, 2023. "Buy now, pay later (BNPL) ...on your credit card," Journal of Behavioral and Experimental Finance, Elsevier, vol. 37(C).

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