Neobanking and Buy Now, Pay Later (BNPL) have surfaced as the biggest fintech megatrends in the post-COVID world, alongside Crypto and Open Banking. While both neobanking and BNPL have individually tasted billion-dollar valuations, fund-raising, and public listings in the last 10-12 months, the confluence of these two megatrends promises to have a gigantic impact on the future course of the fintech phenomenon. We are increasingly witnessing a massive crossover between neobanking and BNPL with neobanks across the world launching BNPL products for their customers.Neobanks in their heyday, having been focused on removing friction in the storage and movement of money, garnered millions of customers. Now, they are attempting to bring the same proposition of convenience and real-time access to funds in the form of instant and contextual credit to their customers in the form of BNPL. Neobanks’ Tryst with BNPLTo better grasp the nitty-gritty of this transpiring shift, a global overview of the many archetypes that neobanks have adopted in launching BNPL offerings is as follows.Credit-first neobanks like Tinkoff and Nubank have launched BNPL offerings in a bid to expand affordability for their customers by allowing them to avail small-ticket credit on their cards, that can be paid back in […]