Kunal Sawhney on “Buy Now, Pay Later” (BNPL) stocks

By 2023, credit card and debit card usage will drop, Digital wallets, bank transfer and BNPL payment options will be the preferred e-com payment methods that are projected to rise by 2023. As per the report, Australia is one of the leaders in the e-commerce industry.

In future, more consumers are likely to stick to online buying even when they can return to their earlier spending behaviour and activity normalises.

Australia has been pumping money into the economy for rebooting the economy and have $320 billion stimulus package dedicated for financially vulnerable population. With the Australian retail sector experiencing an uptick, things are beginning to look better for the economy at large and BNPL sector in particular.

#KunalSawhney #Kalkine #Australia

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