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The Benefits – And Downsides – of ‘Buy Now, Pay Later’: Is it Enhancing or Hindering Financial Inclusion?
Buy now, pay later (BNPL) schemes offer consumers immediate possession of goods, which they pay for over time via (usually interest-free) installments. According to Sarah Corley at the Alliance of Digital Finance Associations and Lotte Schou Zibell at the Asian Development Bank, BNPL can expand financial inclusion and access to consumer goods in emerging economies – but by offering easier access to credit, it also presents some pitfalls. They discuss the growth of BNPL, its benefits and risks, and some key practices that can maximize its positive impacts while avoiding potential downsides.
- Categories
- Finance, Technology, Telecommunications
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Kuda Bank Acquires Over 4.6 Million Customers, Reveals Expansion Plans to UK, Ghana
“Credit remains important to us as a bank, but we are becoming more cautious in that product segment. We still give loans but not as before.”
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: How Corporate Social Responsibility Can Turbocharge Index Funds
One of the biggest trends to emerge in the stock market in the last 20 years is the concentration of assets held by institutional investors.
- Categories
- Finance
- Region
- Global
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Climate-Oriented Blended Finance on the Decrease
The report found a significant decline in aggregate financing levels for climate in recent years.
- Categories
- Environment, Finance
- Region
- Global
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Friend or Foe to the World’s Poor? Settling the Microfinance Debate
Two stubbornly unresolved debates keep casting doubt on how much benefit microfinance brings to its customers.
- Categories
- Finance
- Region
- Global
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Press Release: Principal® Releases First Sustainable Financing Report Announcing Allocations of $600 Million Sustainability Bond
Proceeds support green and social initiatives in alignment with ESG commitments
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- Finance
- Region
- Global
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Bayport Secures $12 Million From WaterEquity for Water and Sanitation in Africa
The loan Bayport Management secured from WaterEquity will be used to finance clean water and sanitation in seven countries in Africa.
- Region
- Sub-Saharan Africa
- Tags
- sanitation, water
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CreditAccess Grameen Raises $35 Million ESG Loan From US International Development Finance Corp in India
The direct loan, CreditAccess said, is one of the first of its kind for DFC to a non-banking financial company microfinance institution (NBFC-MFI) in India.
- Categories
- Finance
- Region
- Asia Pacific