Covid-19 has driven Buy Now, Pay Later (BNPL) uptake as consumers move online and adopt a more budget-conscious attitude. While the concept underpinning BNPL – installments – is not new in Asia, Fintechs have found success in winning consumers over by promising greater transparency, spending control and convenience.
Globally, the sector is expected to process S$800 billion globally by 2023. Across Asia, 68% of consumers ages 20-30 would consider paying with installments. As BNPL continues to grow in popularity, how can issuers win market shares in this space?
Join this Mastercard webinar to learn how banks can develop a competitive and differentiated BNPL strategy.
This webinar will focus on:
- Discussing the rise of BNPL globally and in Asia, evolving consumer preferences and opportunities
- Overview of different BNPL (and installment) models today
- How issuers have responded and reviewing implications of various BNPL approaches
- Achieving differentiation with data-driven insights and great digital-first customer experience
Speakers:
Donovan Yong Vice President, Product Management - Data & Services, Mastercard
Matthew Cavin Vice President, Product Management - International Markets, Mastercard
Josh Law Managing Consultant - Data & Services, Mastercard
Jonathan Ranstrand Senior Managing Consultant - Data & Services, Mastercard
