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Payments innovation has accelerated in recent years, including multiple fundamentally new payment modes. Most nations did not historically see a new mode in a typical decade. We've had at least five since iPhones hit pockets. One capturing a lot of attention and payment volume recently is Buy Now Pay Later (hereafter, BNPLs).
BNPLs (Buy Now Pay Later) are an interesting, relatively novel payment method. Here is how they work.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~20 minutes (19K characters)
Release date
Jan 7, 2022