Herriman observes that BNPL has matured into a widely accepted payment method, serving a broader spectrum of consumer requirements and assisting with cash flow management. He refers to this new phase as BNPL 2.0 or short-term installment consumer lending 2.0.
They [consumers] are just smoothing the variability within their overall cash flow space - that's increasingly where we're seeing these products go,
Before joining Zip [almost a year ago], I viewed BNPL primarily as a tool for impulsive purchases, mostly in consumer electronics and fashion,
Zip's integrated approach focuses on addressing the needs of consumers who are employed but struggle with the disjointed timing of their incomes and expenses.
Collection
[
|
...
]