Quote from Ndubuisi Ekekwe on January 2, 2022, 6:21 PM

This is shaping like a new world in the digital ecosystem.

In 2022, Buy Now, Pay Later (BNPL) will become a formidable challenger — even a replacement — to credit cards among consumers. BNPL has given new purchasing power to millions of people with limited access to credit. With the closing of brick-and-mortar stores, the pandemic caused a surge in online shopping, skyrocketing shoppers' use of BNPL to spread their payments out over time without interest. With the proliferation in BNPL, it will be critical for consumers to stay educated about the risks associated with financing their purchases through the service.