‘Buy Now, Pay Later’ Programs: Threats and Opportunities in Banking

The way people pay shifted in an instant with the onset of the pandemic, as consumers and businesses reduced reliance on cash and checks and increased acceptance of digital alternatives. While cards are still king for in-store transactions, various mobile options are seeing a surge in usage for both in-person and e-commerce payments. The fast acceptance of digital P2P options like Venmo, PayPal, Square and Zelle could easily be a foreshadowing of changes we will see in other areas, as consumers
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