The “Buy Now, Pay Later” (BNPL) industry, valued at billions, faces a spike in fraud losses.
By 2025, the US BNPL market is expected to grow to $180 billion in revenue. One pattern likely to affect digital lending is the proportional increase in fraud, first payment defaults, and charge-offs. So, digital lending companies must have more effective ways to catch fraud, especially regarding fake identities and stolen accounts.
Fortunately, challenges facing BNPL and alternative payment methods can be controlled with better fraud detection, continual monitoring, real-time traffic monitoring, and human review of suspicious transactions. Learn more in our eBook.
In this free eBook, learn:
- The advantages and disadvantages of BNPL,
- Navigating fraud, first payment defaults, and charge-offsin the consumer financial landscape,
- Best practices for digital lenders to fight fraud,
- and more!
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