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The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)

The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)

FromGRIFTONOMICS


The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)

FromGRIFTONOMICS

ratings:
Length:
45 minutes
Released:
Jul 4, 2022
Format:
Podcast episode

Description

If you’ve made a purchase online recently, you’ve probably encountered the option to “Buy Now, Pay Later”. In the last few years, dozens of tech startups have sprouted up and have been successful in convincing merchants to offer their service to consumers. 
With a market already estimated to be in excess of $100B, the industry is growing quickly and now bigger players such as PayPal and Apple are jumping on the bandwagon. But how do these services really work, are they safe, and how do they differ from just using your credit card? To help answer these questions, we’re joined by Siddharth Venkataramakrishnan, the Financial Times' banking and fintech correspondent.
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Released:
Jul 4, 2022
Format:
Podcast episode

Titles in the series (12)

We are living in a time where a JPEG can sell for a million dollars, celebrities openly endorse Ponzi schemes and when what you've invented doesn't matter nearly as much as what you say you've invented. As snake oil increasingly becomes our new currency, regulators and lawmakers are asleep at the wheel while pay-to-play journalists pump out puff pieces from their slurp juice-induced hangovers. Join us as we explore the dizzying, unending roster of these 2020s-era rackets. Welcome to the age of GRIFTONOMICS.