Published: December 2023
Source: Office of the Comptroller of the Currency (OCC)
Why we picked it: No matter your personal feelings about buy now, pay later as a way to finance purchases, the growth of BNPL has been fascinating to watch. A growing number of banks are moving into some aspect of BNPL. Some chose the consumer banking side, chiefly via variations on their credit card offerings. Some entered via the merchant banking side, where institutions like Citizens Bank tailor programs to specific retailers’ needs. Others have multiple strategies.
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