ilmscore | BNPL Exposed: The Debt Trap You Didn't See Coming

BNPL Exposed: The Debt Trap You Didn't See Coming

Published: 2024-05-21

Status: Available | Analyzed

Predictions from this Video

Total: 4

Correct: 0

Incorrect: 0

Pending: 4

Unrated: 0

Prediction

Topic

Status

The Buy Now Pay Later market is projected to reach over $3.2 trillion by 2030.

"by 2030 the bmpl market is expected to be worth over $3.2 trillion"

Pending

Bloomberg projects that the BNPL industry will generate a $700 billion debt pile by 2028.

"a report from Bloomberg projects that the bmpl will produce a $700 billion debt pile by 2028"

Pending

The UK's Financial Conduct Authority (FCA) has published draft legislation to regulate BNPL providers.

"the financial conduct authority or FCA published a draft legislation aiming to regulate bmpl providers"

Pending

Following the UK's FCA draft legislation, there is a high probability that similar BNPL regulations will be implemented in other regions.

"if the FCA can get past the draft stage then there is a good chance that similar laws will be rolled out elsewhere"

Pending