A world of regulatory pressure on installment payment firms

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Celent have reviewed this profile and believe it to be accurate.
21 January 2021

"The fast growth of BNPL firms made some politicians consider whether they should be regulated — and if so, how," said Zil Bareisis, head of retail banking at Celent, adding there are some countries such as Germany that are averse to debt, but that is not the case in the U.K. "So there is always a risk that some people might over-leverage themselves and not be able to pay back their loans," Bareisis said.

News article details

Industry
Retail Banking
Media Type
News Articles
Geographic Focus
EMEA