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The shift away from credit cards purchases to debit and cash by next gens has prompted a slew of companies to offer a buy-now-pay-later solution. In fact, BNPL growth will reach $680 billion by 2025, and many retailers are already offering these services for ecommerce business. Gen Z and millennials are more afraid of debt than death, plus they don’t trust big banks, Wall Street or credit card companies. Listen in as Robin Lewis is Shelley E. Kohan, TRR’s chief strategist, discuss whether BNPL is offering credit to an unsuspecting generation and may actually drive them into credit debt.

For more strategic insights and compelling content, visit TheRobinReport.com where you can read, watch, and listen to content from Robin Lewis and other industry experts.

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For more strategic insights and compelling content, visit TheRobinReport.com, where you can read, watch, and listen to content from Robin Lewis and other retail industry experts, and be sure to follow us on LinkedIn and Twitter.