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. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

One Vision podcast, hosted by Theodora Lau, brings purposeful innovation to spotlight. It is where impact meets innovation. One Vision is a convergence of minds that dream of a sustainable world for future generations galvanized by innovation. The latest season, FinTech Fuse, brought to you by the powerhouse trio, Theodora Lau, Barb MacLean, and Stephanie Foster, continues the tradition of telling stories that matter.We speak to startup founders, investors, industry players, thought leaders and policy makers in the innovation ecosystem and get their views. While there have been a lot discussed about innovation in the western world, we believe that impact at scale can be achieved in the emerging markets too. In recent times we have seen several leap frog moments across the emerging world. What Alibaba and Tencent have achieved in China, PayTM in India and MPesa in Africa are great examples of impactful stories. We talk to many emerging market players and highlight their efforts to create such leap frog moments.We believe there are many innovation stories that have impact on people's life across the world. We identify these stories and talk to them about their journeys, successes and challenges they have had to overcome. In providing a stage for these entrepreneurs, thought leaders and innovators, we hope to inspire a generation looking to effect positive change. One Vision, One Dream, One Voice for One sustainable future. Hosted on Acast. See acast.com/privacy for more information.