“先买后付”电商兴起 PayPal宣布取消滞纳金

The rise of “buy now, pay later” e-commerce PayPal announced the cancellation of late fees

新浪科技 ·  Aug 18, 2021 23:16

Original title: “Buy now, pay later” e-commerce is on the rise PayPal announces cancellation of late fees Source: Sina Technology

According to reports, with the rise of “buy now, pay later” (BNPL) services and increased competition in the market, PayPal announced today that it will no longer charge late fees to “buy now, pay later” users.PayPal said the policy will take effect in the US, UK and France from October this year. Currently, PayPal's “buy now, pay later” service in Germany and Australia is exempt from late fees.

Last year, PayPal began offering “buy now, pay later” services for the first time. PayPal said today it hopes these changes will help make its products more affordable and appealing to consumers. “We feel late fees hinder the customer experience,” Greg Lisiewski (Greg Lisiewski), vice president of global payment products at PayPal, said in an interview.

PayPal announced the elimination of “buy now, pay later” late fees at a time when more regulators around the world are closely monitoring this rapidly growing business to ensure that consumers do not incur too much debt. When asked “if removing late fees would encourage more consumers to default on their loans,” Liszewski thought this would not happen.

“Buy now, pay later” allows consumers to pay in installments while shopping. As more and more people switch to online shopping, “buy now, pay later” has flourished during the pandemic. At the same time as the industry exploded, competition in the market began to intensify.

At the beginning of this month,TwitterSquare, a digital payment company owned by CEO Jack Dorsey (Jack Dorsey), announced the acquisition of Australian “buy now, pay later” company Afterpay in a full stock transaction of 29 billion US dollars, which means the rise of “buy now, pay later” services.

Furthermore,applesThe company also began recruiting employees with “buy now, pay later” experience for its payments department earlier this year, with a view to expanding Apple Pay and its wallet app. It was also reported last month that Apple is in a relationshipGoldman SachsCooperate to develop the Apple Pay Later installment service.

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