• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Wiki Finance EXPO, Singapore (May 27, 2023)
    • Radical Finance, Hong Kong & Shenzhen (May 29-30, 2023)
    • Money 20/20, Amsterdam (June 6-8, 2023)
    • WFIS, Nigeria (June 6-7, 2023)
    • Crypto Expo Asia, Singapore (June 7-8, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • CyFrica, Kenya (July 18-19, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • FinTech Festival Asia, Thailand (September 27-28, 2023)
    • European Blockchain Convention, Barcelona (October 24-26, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Radical Finance Asia on May 29-30, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

SRM Releases Report on Buy Now, Pay Later Services and Why It Matters for Financial Institutions

May 24, 2022 By Business Wire

MEMPHIS, Tenn.--(BUSINESS WIRE)--SRM (Strategic Resource Management), an independent advisory firm serving financial institutions, manufacturing, retail, and other industries across the U.S. and Europe, today released its most recent report, “Buy Now, Pay Later: What’s Old is New Again in Payment Choices.”


Click to download

Buy Now, Pay Later (BNPL) has a far-reaching effect; Allied Market Research forecasts that the global BNPL market will grow at a 45.7% compound annual growth rate (CAGR) through 2030. While it has gained serious traction, much of the BNPL financing volume has been handled by fintech companies. Community banks and credit unions have been hesitant to provide the service, influenced by regulatory uncertainty.

With all factors considered, SRM believes financial institutions must give serious strategic consideration to BNPL – not as a standalone installment credit offering but as a component of a holistic product set. Given the decline in the number of FIs charging nonsufficient funds (NSF) and overdraft fees, BNPL could offer a new source of non-interest income. This new report provides an overview of the existing and projected BNPL landscape, market lessons to date, and the opportunities and threats stemming from action and inaction.

“While the BNPL models are still being shaped, consumers have demonstrated a strong appetite for these services – and who better to offer BNPL than trusted financial institutions?” said Myron Schwarcz, SRM’s Chief Product Officer. “Our report breaks down why adoption is increasing, why financial institutions need to pay attention, and how BNPL can fit into an institution’s holistic banking strategy. The demand is there, and now is the time for financial institutions to step up to the plate.”

About SRM

SRM (Strategic Resource Management) has helped 1,000+ financial institutions add more than $5 billion of value to their bottom line in areas such as payments, digital transformation, core processing, artificial intelligence, cryptocurrency, and overall operating efficiency. SRM – now in its 30th year in business – has lowered costs, created revenue opportunities, increased productivity, and provided a competitive edge for clients in an environment of constant and accelerating change. Visit www.srmcorp.com for more information and follow us on LinkedIn and Twitter for timely and relevant insights.


Contacts

Cristi Murray
650.339.2132 (m)
cristi@williammills.com

Maggie Wise
678.781.7229 (o)
404.408.8608 (m)
maggie@williammills.com

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Litecoin (LTC) Drops Ahead of Halving Dates, Chainlink (LINK) Price Drops 6%, and Collateral Network (COLT) Forecasted for 3500% Explosion

May 27, 2023

Making Waves! A closer look at the presale of TMS Network (TMSN) and the impact on Cardano (ADA) and Chainlink (LINK)

May 27, 2023

Ledgible and FINOA Integration: Empowering Institutional Investors in Crypto

May 26, 2023

FINEXPO Brings FinTech Industry Leaders and Enthusiasts Together at FinTech Festival Asia 2023

May 26, 2023

Bitget to offer institutional clients off-exchange settlement with Copper’s ClearLoop technology

May 26, 2023

Radical Finance 2023 Asia

Money 20/20

WFIS 2023

NFT Show Europe 2023

CyFrica 2023

Blockchain Expo Europe 2023

Fintech Festival Asia 2023

European Blockchain Convention 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter