WhiteSight

2023 Roundup: The Synergy of BNPL and E-commerce

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Swipe, Splurge, Savor: E-comm’s New Norm! What’s more fun than a Sunday shopping spree, right? Picture this: you on your couch scrolling through the latest sneakers or fashion trends. But your bank balance is playing hard to get. That’s where BNPL, your new shopping BFF, comes in. With just a click, your dream item is en route. The best part? No high-interest drama of credit cards or overdrafts!BNPL is evolving beyond a trend; it’s emerging as the preferred choice for savvy shoppers, especially among millennials and Gen Z, who often navigate the marketplace with limited credit scores or without a credit card to their name. At the same time, both prime and super-prime customers are also drawn to BNPL due to its transparent and manageable repayment options.And guess what? In 2023, we’ve witnessed a delightful surge in e-commerce-BNPL collaborations across different regions, with several e-commerce platforms working their magic to seamlessly integrate BNPL options into online checkouts. This partnership wave has made it exceptionally convenient for young shoppers to explore the online retail landscape and make purchases, all without the necessity of traditional credit.  What’s spurring this BNPL uproar in the e-commerce and retail world is the hunger for flexible […]

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