Search results for BNPL
Finance
Tech Insight: $1 trillion poured into fintech, but why has financial literacy fallen?
With more than $1 trillion flowing into fintech over the past decade, financial literacy has slipped in the United States and remained low among young people in Britain, MAIA founder Michael Gilmore wrote in the Financial Times. He said most money has gone to payment systems, complex trading platforms and buy now, pay later services, not education. Gilmore pointed to MAIA winners backing AI help, anti-fraud work and tailored financial learning.
Finance
Fintech hot issue: AI services spread across finance as BNPL market expands
Financial companies including major banks are introducing a growing range of AI-based services, raising questions about whether consumers will see tangible benefits. Shinhan Bank launched an OpenAI GPT-based export document screening service, while KakaoBank and Toss Bank expanded AI offerings. The Export-Import Bank of Korea plans to invest 20 trillion won over five years to support domestic AI firms. Overseas, U.S. BNPL payments hit records during the year-end shopping season, Adobe Analytics data showed.
Finance
U.S. retail industry grows more dependent on buy now, pay later
U.S. retailers are increasingly relying on buy now, pay later (BNPL) payment options amid high interest rates and concerns about weaker consumer spending. Forbes reported that merchants adopting PayPal’s BNPL saw average order values rise 91 percent. Competition is expanding among major BNPL providers and card issuers. Regulators and credit agencies are also stepping up scrutiny as usage concentrates among financially vulnerable consumers and delinquency concerns grow.
