Banks struggling with buy now, pay later challenge ‘see writing on the wall’, Zip strategist says – NEWS.com.au

Banks will continue to struggle to keep credit card customers as the booming buy now, pay later sector offers smarter shoppers attractive alternatives, a Zip Co executive says while shrugging off looming competition from PayPals entry into Australia.The death of credit cards has been flagged for many years as consumers shun high interest charges, a trend that has accelerated rapidly with the staggeringly fast rise of BNPL, especially during the COVID-19 pandemic.
Figures from the Reserve Bank on…

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