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Buy Now Pay Later – A boost for business
It’s a massive topic in the financial industry right now, and we’ve already talked a bit about the ‘standard’ Buy Now Pay Later (BNPL) model, where consumers can access instant lending at point of sale to spread the cost of their purchases. This version pretty much does what it says on the tin, and is being adopted at an astounding rate, but there are still a lot of questions around how to make it safe and ethical for the customer and the industry.