Increasingly popular buy-now, pay-later services are seen by credit-card issuers as stealing market share from debit cards and cash payments, Morgan Stanley said in a report Monday.
Executives from American Express Co., Capital One Financial Corp., Synchrony Financial and other firms mentioned buy-now, pay-later products more than five dozen times during investor presentations last week, according to the Morgan Stanley report. The products allows consumers to split their purchases into scheduled payments.
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September 21, 2021 at 12:23AM
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Buy-Now, Pay-Later Seen as Growing Competitor to Debit Cards - Bloomberg
"later" - Google News
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