Is Buy Now, Pay Later a better option than credit cards?
July 4, 2021It is hard to ignore the popularity and growth of the Buy Now, Pay Later (BNPL) payments/loans. What started as a solution for younger people with thin or no credit history has been adopted by many in both prime and sub-prime credit segments. BNPL is not a new concept; it has existed in various forms for a long period of time. For e.g., when someone buys an expensive smartphone on a 24-month installment plan, that is also a form of BNPL. If BNPL was not an option, people might have used a credit or debit card to make that purchase…
Bread
Bread https://www.breadpayments.com/ is a Buy Now, Pay Later (BNPL) lender that was recently bought by Alliance Data Systems (ADS). ADS is a major credit card issuer but most people have not heard about this company. Unlike Chase, Citi, American Express,…
Alliance Data Acquires Bread
Columbus, Ohio based Alliance Data Systems (ADS), a big card issuer has agreed to acquire Bread, an upcoming Buy Now, Pay later fintech company. We will have put a brief profile of Bread http://www.breadpayments.com soon under the company profile section.…
What is Buy Now, Pay Later (BNPL)?
Financing something you are buying at a merchant or shop is not a new concept. For decades people are using this type of financing during a vehicle purchase, a home purchase, etc. For example, when you go to buy a…
