BNPL
In the past people have already started the so called BNPL term. Now it’s jus the new Gen trying to utilise it in another way similar to credit cards system. The Charg-It system, created by John.C Biggins of Flatbush National Bank of Brooklyn 1946 created a card called “Charg-It” which allows people within a two square block radius charge purchase from multiple vendors to the bank. In 1950’s Frank McNamara & business partner Ralph Schneider introduced the first Diners Club card to gain widespread popularity. So to me it’s jus another source and way to make to money goes round. It will indeed be risky and also gain popularity in the younger Gens to use first and pay later but to make it happen terms and conditions do need to be abide to.
$PayPal (PYPL.US)$
$PayPal (PYPL.US)$
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rabitter : Buy Now, Pay Later options are multiplying, with over half of U.S. consumers using them.
cheez_lit : In fact, how I feel a bit like JD's IOUs?
Handy_ : I agree with you,Risks and opportunities coexist