Banks can take advantage of BNPL turmoil

Data released by S&P Global Market Intelligence’s 451 Research in March suggests that merchants favour bank-branded buy-now-pay-later (BNPL) services over those offered by fintechs, while a study published by Juniper Research the following month referred to banks gaining traction as disruption from non-fintech players attracts new users.

This is happening as a growing number of fintechs fall by the wayside. Last month, Laybuy entered receivership, while a similar fate befell BizPay last November, just weeks before ZestMoney shut down.