In our last episode we got an introductory glimpse into the world of Buy Now Pay Later or BNPL as it is called. In this episode, we thought we would take a much deeper look into the world of BNPL and what goes on behind the scenes. Hemant and Elroy explore the following in this episode:
- Definition of BNPL
- History and origins of BNPL
- Size of the BNPL market
- The BNPL business model
- How BNPL makes money
- Regulatory approaches to launching BNPL
So if you want to understand BNPL in a nutshell – this is the episode for you.
Timeline
00:00 Start
00:43 Introduction
01:19 What is BNPL?
02:50 Origins of BNPL
06:13 Size of the BNPL market
07:46 BNPL Models
12:34 How does BNPL make money
14:28 Delinquencies in BNPL
15:46 Regulations & BNPL
Additional Information
- Unit Economics and Prince Jain (08 Nov 2020), The Lure of Buy Now, Pay Later
- The Generalist (22 Nov 2020), The Checkout as a Territory
- The Generalist (09 Dec 2020), Affirm: The Morality of Money
- The Ken and Bhumika Khatri (11 Dec 2020), Simpl, LazyPay, and the future of Buy Now Pay Later in India
Errata
When we recorded the episode we mentioned Klarna has a valuation of 10+ Billion dollars; since then it has raised another round and is well over 40+ Billion dollars. BNPL moves that fast !!!