BNPL Loans To Impact Credit Scores - Data Intelligence

Vietnam’s BNPL market set for changes amid intensifying competition

According to a report released by FiinGroup on June 24, Vietnam’s BNPL model has scaled quickly, from just four players in 2020 to 15 active platforms by 2024. Strongly integrated with digital retail and fintech ecosystems, BNPL is increasingly favoured by young, tech-savvy consumers seeking flexible payment options without credit cards. Findings from Research and Markets also reveal that over the next 2-4 years, the competitive landscape of Vie…

BNPL Loans To Impact Credit Scores - Data Intelligence

The Fair Issac Corporation, better known as FICO, is launching new credit scores that incorporate buy-now-pay-later loans, potentially influencing the behavior of consumers, providers, and merchants. The shift could impact ecommerce conversion rates, average order values, and repeat purchases if consumers reconsider how they use BNPL services or become ineligible. Some BNPL providers already report repayment data, but the new FICO score models r…

BNPL Loans to Impact Credit Scores

FICO is launching new credit scores that incorporate buy-now-pay-later loans, possibly influencing the behavior of consumers, providers, and merchants. The post BNPL Loans to Impact Credit Scores appeared first on Practical Ecommerce.

How Cashflow Data Uncovers Hidden BNPL Debt Impact on Credit Union Members

Guest Editorial by Brian Reshefsky, CEO of EDGE