Should banks adopt Buy Now, Pay Later?

As consumer usage of Buy Now, Pay Later (BNPL) continues to increase, should banks consider offering this product for their customers? 50 million consumers have used BNPL over the last 12 months. Total transaction value increased to $70 billion in 2025. Problems with BNPL persist. There are concerns with consumers around delinquency and behavior finance issues. There are considerations internally regarding offering a product like this such as compliance, credit risk, and consumer protection. Despite the challenges, should a bank decide to offer BNPL to their customers there are several options available. Embedded partnerships, debit-based BNPL, and BNPL checking accounts are three options to consider. This episode reviewed a blog post from PCBB titled “An BNPL booms, CFIs weigh opportunity vs. risk.” A link to the blog post is included below.    Link: As BNPL Booms, CFIs Weigh Opportunity vs. Risk