Companies that offer Buy Now, Pay Later (BNPL) services are revolutionizing how
consumers shop for goods. Historically, consumers had access to EMIs and other financing
options like credit cards.
Prospects of b2b BNPL payments
There has been much discussion regarding BNPL’s potential in the B2B market. Such
multinational corporations as Apruve and Slope are investigating this market.
To modify the way financing is done in the market, a B2B vendor will need to consider several
things and address them one at a time. Their business might change, which would be a strong
motivation.
If implemented correctly, it might even compel credit card issuers to lower their rates, which
would have a ripple effect on the payments industry.
It is amazing to think about where the BNPL space is going. Vendors and service providers are
already benefiting from the widespread usage of BNPL in the global B2C market. If they want to
genuinely disrupt the payments industry and bring about a constructive change from the status
quo, they still have a long way to go.
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