Buy Now, Pay Later (BNPL) in the U.S. accounted for about $18 billion of eCommerce transactions in 2020 and is projected to grow from 1.6% of eCommerce transactions to 4.5% by 2024. As more consumers choose BNPL, many questions have surfaced.
As previously announced, Ïã¸ÛÁùºÏ²ÊÐþ»ú will soon be accepting BNPL trades, and a new industry code has been created for this purpose. In partnership with FICO®, we have completed a thorough analysis of the impact that incorporating these trades can have on credit scores based on a data sample of actual trades provided by a popular BNPL provider.
In the 2/10 Market Pulse webinar recording, we share the results of our analysis with FICO in addition to our usual economic update. Amy Frasher, Ïã¸ÛÁùºÏ²ÊÐþ»ú Fintech Product Manager, will moderate this webinar with featured guests Suna Hafizogullari, Senior Director of Data Science at FICO; Amy Crews Cutts, Economist and President at AC Cutts & Associates; Bob Hofmann, Senior Consultant for Core Credit Risk at Ïã¸ÛÁùºÏ²ÊÐþ»ú; and Sarah Briscoe, Lead Commercial Statistical Analyst at Ïã¸ÛÁùºÏ²ÊÐþ»ú.