Regulating Buy Now Pay Later FinTech Models

<p><span style="font-weight: 400;">Buy-now-pay-later (BNPL) services are a growing trend, with year-on-year growth in the sector over the next few years expected to be 15-20%! Despite the value that it provides to many retailers and their customers, the BNPL model also has a number of problems. In today’s episode I’m going to explain why regulators are beginning to worry about it, and changes that I expect to see take place in this industry in the future. </span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:47] What I expect the future to look like for buy-now-pay-later (BNPL) services.</span></p> <p><span style="font-weight: 400;">[01:24] How regulators deal with trends that are small and contained, in comparison to how they deal with trends that have gained major traction. </span></p> <p><span style="font-weight: 400;">[03:45] The percentage of online shoppers who use BNPL services. </span></p> <p><span style="font-weight: 400;">[04:30] Why the BNPL model came into being. </span></p> <p><span style="font-weight: 400;">[06:15] Problems with the way companies are promoting BNPL services. </span></p> <p><span style="font-weight: 400;">[07:36] The lack of regulation around BNPL services. </span></p> <p><span style="font-weight: 400;">[09:30] An explanation of how BNPL services work. </span></p> <p><span style="font-weight: 400;">