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