Despite Popularity, BNPL Will Not Overtake or Replace Credit Cards

Ralf Gladis, CEO, Computop said he did not think BNPL’s popularity would surpass credit cards due to it being “restricted primarily to online or in-store purchases, and many customers are happy to build up a good credit record by using their credit card.”

 

 

“It’s highly unlikely that BNPL will surpass credit card usage by 2025. Despite its increasing popularity and 11 per cent CAGR growth, the credit card market significantly outweighs the BNPL global market. "

 

 

https://thefintechtimes.com/despite-popularity-bnpl-will-not-overtake-or-replace-credit-cards/