Why now for buy now, pay later

by The CU Lab

As demand continues to grow, Buy Now, Pay Later presents significant opportunities for credit unions to better serve their members where they are. In this episode with Tarik Camurdes from FIS, we’re discussing what it is, how it’s being used, and the risks and benefits involved with Buy Now, Pay Later.

Key Takeaways:

  • [11:18] The major card brands are coming up with other solutions, especially ones that they can scale and be beneficial for the whole market.
  • [17:47] Credit unions may have a better chance of having innovative ideas and bringing the community together and generating a different value proposition that is going to benefit their cardholders and members.
  • [22:37] FIS is trying to solve every customer need in the market.  They are building and bringing new solutions to market to keep credit unions more competitive and respond to market dynamics quicker.

 

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