The Hub – The Rise of ‘Buy Now, Pay Later’ – Wellington Event
In the last couple of years ‘buy now, pay later’ (BNPL) solutions have experienced phenomenal growth and this trend is showing no sign of slowing. Over 228,000 Kiwis have already signed up to BNPL schemes which is growing in popularity, particularly among younger millennials and Gen Z.
As more retailers allow this form of alternative payment, the trend looks set to continue. A NZ Post report on e-commerce found 12% of online shoppers in 2018 used part-payment systems for their purchases and it estimated that 20% of all clothing and footwear spend was with BNPL. BNPL is also starting to go beyond retail shopping. In Australia, parents are even using it to pay for their child’s school fees.
Our panel of experts will discuss the trends and developments in BNPL services, how it has evolved globally and within New Zealand, what it means for consumers and traditional finance organisations, and more. We’ll be announcing our panelists soon. In the meantime, make sure you secure your seat by RSVPing below.
- 7.30am – Pre-event networking breakfast
- 8.00am – Event starts
- 8.05am – Payments NZ update – Steve Wiggins
- 8.20am – Panel
- 9.10am – Wrap-up
- 9.15am – Event ends