“ Still , BNPL is currently used by millions of people worldwide . People are looking for payment methods that offer them financial flexibility and a way that will allow them to utilise their purchasing power on their terms ,” Serdon says .
Tom Voaden , Strategic Partnerships Lead at BR-DGE , agrees . He says demand for BNPL services will continue to grow , but that economic strain is already resulting in tighter lending regulations .
“ We expect demand for BNPL to continue to grow as merchants look to meet the evolving needs of consumers and support their customers through these difficult times with different payment methods . However ,
“ The financial services sector has a duty to protect customers , especially in the current financial landscape ”
NEIL KADAGATHUR CO-FOUNDER AND CEO , CREDITSPRING
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