Can incentivized savings be the new future for fintech?

There is no lack of Buy Now, Pay Later news in fintech, with
hundreds of BNPL startups around the world vying for a piece of the
pie. The trend has also attracted the attention of established
giants, from Citi, J.P. Morgan Chase, and American Express, to
Apple, PayPal, and Amazon, all competing for customers who want the
ability to spread payments over time. Even the B2B space is
catching on, with ACI Worldwide launching a new product for
merchants to enable them to offer customers payment options with
more than 70 BNPL lenders. While paying in installment isn’t new,
the rapid rise in popularity of BNPL and easy access to credit has
sparked concerns that it will encourage excessive consumerism and
debt. In this episode of One Vision, Theo chats with Michael
Hershfield, founder and CEO of Accrue Savings, on balancing
consumption and savings, and seeing the world with a human lens.

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