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BNPL has become a vital payments channel

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Manage episode 329169659 series 2636968
Content provided by Rachel Morrissey, Sheryl Chen, Ian Horne, Micky Tesfaye, Rachel Morrissey, Sheryl Chen, Ian Horne, and Micky Tesfaye. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rachel Morrissey, Sheryl Chen, Ian Horne, Micky Tesfaye, Rachel Morrissey, Sheryl Chen, Ian Horne, and Micky Tesfaye or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

There are no questions around the popularity of BNPL. It has been hailed as the payments product of GenZ and Millennials, but use by all generations has flourished over the last year. The questions left around it are about whether it is a safe, smart, and fair credit product, or is it a path to bad credit? Is this going to lead to a giant consumer debt issue, or is it a healthy alternative lending product that allows families and those with minimal access to credit to stretch their budgets? We spoke with Gary Stein, Chief Product & Compliance Officer at Opy (and formerly with the CFPB) to bring some clarity to this, and one thing was clear. BNPL isn't going anywhere.

Guest: Gary Stein, Chief Product & Compliance Officer, Opy

Host: Sanjib Kalita, Editor-in-Chief, Money20/20

Producers: Roland Bodenham, Senior Video Producer and Podcast Lead, Ascential

Rachel Morrissey, Executive Producer of The MoneyPot, Money20/20

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147 episodes

Artwork
iconShare
 
Manage episode 329169659 series 2636968
Content provided by Rachel Morrissey, Sheryl Chen, Ian Horne, Micky Tesfaye, Rachel Morrissey, Sheryl Chen, Ian Horne, and Micky Tesfaye. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rachel Morrissey, Sheryl Chen, Ian Horne, Micky Tesfaye, Rachel Morrissey, Sheryl Chen, Ian Horne, and Micky Tesfaye or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

There are no questions around the popularity of BNPL. It has been hailed as the payments product of GenZ and Millennials, but use by all generations has flourished over the last year. The questions left around it are about whether it is a safe, smart, and fair credit product, or is it a path to bad credit? Is this going to lead to a giant consumer debt issue, or is it a healthy alternative lending product that allows families and those with minimal access to credit to stretch their budgets? We spoke with Gary Stein, Chief Product & Compliance Officer at Opy (and formerly with the CFPB) to bring some clarity to this, and one thing was clear. BNPL isn't going anywhere.

Guest: Gary Stein, Chief Product & Compliance Officer, Opy

Host: Sanjib Kalita, Editor-in-Chief, Money20/20

Producers: Roland Bodenham, Senior Video Producer and Podcast Lead, Ascential

Rachel Morrissey, Executive Producer of The MoneyPot, Money20/20

Follow us on LinkedIn

  continue reading

147 episodes

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