Buy now, pay later (BNPL) services are booming. In July 2020, 37% of consumers aged 18-24 had used a BNPL service. Less than a year later, the number grew to 61%. That’s 62% growth in a matter of months.
Equifax helps BNPL FinTechs optimize growth with innovations to efficiently:
- Build merchant affiliations
- Securely expand offers
- Target consumer preferences
- Manage account portfolios
Equifax solutions support FinTechs throughout the customer journey. Our unique data assets and advanced analytics offer insights that help mitigate risks, including merchant default and consumer delinquency. Furthermore, our solutions enhance the customer experience.
We are ready to help Buy Now Pay Later FinTechs optimize growth through ongoing innovation. That means best in class digital transaction fraud products and a new immersive ideation experience.
Learn more by downloading our presentation.