Buy Now Pay Later (BNPL) is one of the emerging trends in the financial services industry. Research reports suggest that the BNPL market is expected to reach $3.98 trillion by 2030. The industry is maturing towards ‘lifestyle banking’ enabling continuous innovation in the lending space. With the growing competition and opportunities offered by fintech players in the lending marketplace, traditional banks are embracing the digital ecosystem, like never before, to stay relevant to their customers. The whitepaper shares insights on the BNPL platform for banks, such as critical BNPL features, potential business models, and key considerations for implementation. Download the whitepaper to know more.
HCLTech' Point of View for Banks