Viewpoints

Amidst the multitude of fintech providers targeting merchants, traditional banks stand uniquely positioned to serve consumers. Boasting substantial customer bases and long-standing relationships built on trust, banks are well-equipped to step into the BNPL arena.

Payments are an everyday facet of people's lives, whether you are a regular consumer, a business or beyond. And the industry is constantly working to innovate and create new and better ways to pay. In this webinar, we take a look at the disruption of the traditional payments ecosystem and the opportunities fintechs have taken to revolutionise the way people pay.

Amidst the noise for mobile apps, generative AI, and online account opening, there's a vital but often overlooked player in the digital transformation journey – the Automated Teller Machine.

Let’s face it, in the payments industry, digital transformation is all we know. It’s everything we’ve been doing in some form or another for the last however many decades.

Nigeria's Islamic banking sector presents a substantial opportunity for growth, enabling financial institutions to expand their portfolios and contribute to financial inclusion. Overcoming challenges such as low awareness and a shortage of experts is crucial for banks looking to position themselves strategically in this evolving sector. The local climate is poised for growth, the question is, are banks ready to take advantage of it?

Buy Now Pay Later (BNPL) is taking the world by storm, with banks and financial institutions looking to ride the wave of success in the space that fintech’s have pioneered. But where do they start? In this podcast, Paul Chandler discusses how banks can break through the crowded market and take action now, and the models they can follow to get there.

With its exponential growth and potential impact, buy now, pay later (BNPL) is not just a passing trend but a transformative force in the world of payments.

Given the challenges related to infrastructure, interoperability, and financial literacy, the ongoing efforts to foster trust in digital financial services within South Africa's informal market have yet to see a reduction in cash transactions. However, it is within the informal economy that financial inclusion initiatives make the biggest impact. So, how can banks and Fintechs effectively incentivise individuals to transition away from cash and actively engage in the digital economy?

In this blog, we explore three key reasons why BNPL would be a valuable addition to any FI’s or PSP’s payments portfolio and the advantages they will see from incorporating it into their business strategy.

Buy now pay later (BNPL) is not a new concept, yet BNPL - as we know it today - has exploded globally over the last few years. In Southeast Asia, the alternative payment method is gaining ground, driven largely by the region’s high internet penetration as well as its substantial younger mobile-first generation. Here, the market is dominated by merchant-focussed offerings from specialised fintechs and established players. However, as a market expected to be worth US$92 million in Southeast Asia by 2025, it is not surprising that banks across the region are considering adding BNPL solutions to their arsenal - the question is, how?