Protracted inflation and the burden of credit cards have made BNPL an increasingly sought-after alternative for consumers demanding financial flexibility. The payment method’s popularity is on the rise, but BNPL is not without its vulnerabilities.
Millennials and Generation Z are powering BNPL’s surge in the retail payments space and, in doing so, are helping to mold new shopping norms. While these trendsetters are accelerating toward a BNPL future, some are still swayed by the appeal of credit cards.
FinTechs are pioneering consumer payment experiences that marry consumption with greater financial autonomy — unlocking doors previously barred by the constraints of traditional credit. At the same time, innovative collaborations are fueling a dynamic upgrade to merchant payment solutions.
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About
Sezzle is a payments company on a mission to financially empower the next generation. Sezzle’s payment platform increases purchasing power for millions of consumers by offering interest-free installment plans at online stores and in-store locations. When consumers apply, approval is instant, and their credit scores are not impacted unless the consumer elects to opt in to Sezzle’s credit-building feature, Sezzle Up. This increase in purchasing power for consumers leads to increased sales and basket sizes for the more than 41,000 active merchants that offer Sezzle.
As the only B Corp in FinTech, Sezzle proves that all industries — even payments — can do their part to provide solutions and make a positive impact today and into the future. For more information visit Sezzle.com.
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