Cut to: it’s 2023 and the disillusionment with BNPL has set in. The New York Times called it “a victim of its own success.” Murmurs of losses have spread like wildfire. There’s debate about its longevity, whether to consider it a product or an industry in its own right. Valuations and funding have fallen. Regulation is coming. We are in the middle of another BNPL revolution, but this time we’re defining what the future will look like and who will be at the helm. Whoever lands at the helm will be a player that’s been able to make the pivot into profitability. And there certainly is profitability to be had. Despite the negative press, BNPL’s popularity is still growing. It’s expected to comprise almost a quarter of all e-commerce transactions globally by 2026, the same year the market is forecasted to reach a size of $565.8 billion, growing at a solid CAGR of 25%. The BNPL boom is not over - it’s just maturing. BNPL is expected to comprise almost a quarter of all e-commerce transactions globally by 2026 With regulation on the horizon, now is the time for savvy BNPL providers to learn from previous experiences. Now is the time to take the extremes from the past few years and shoot for a happy medium - a profitable medium. In order to get there, your BNPL product needs to be agile, scalable, and - perhaps most importantly - able to assess risk with unshakable accuracy. Learn how you can achieve all three with an advanced, AI-powered credit risk decisioning platform so you’re able to evolve alongside this dynamic market.
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