The emerging trend across the globe in the credit industry, ‘buy now, pay later,’ is gripping consumer attention, especially Millennials. The idea itself isn’t anything new, but new brands have entered the space and different styles are being used, such as no interest or late fees that are attracting consumers. In this episode, Mintel experts in the financial services industry discuss this trend and how it’s going to impact banks and credit card companies but also consumer’s personal finances.
The emerging trend across the globe in the credit industry, ‘buy now, pay later,’ is gripping consumer attention, especially Millennials. The idea itself isn’t anything new, but new brands have entered the space and different styles are being used, such as no interest or late fees that are attracting consumers. In this episode, Mintel experts in the financial services industry discuss this trend and how it’s going to impact banks and credit card companies but also consumer’s personal finances.
For the latest in consumer and industry news, top trends and market perspectives, stay tuned to Mintel News featuring commentary from Mintel’s team of global category analysts.
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