Consumers, beware of BNPL in the Embedded Finance hype

The consumer debt levels in the US remain high and Fintech has contributed to this substantially.

Q2 2020 was the first quarter that household debt and credit dropped since 2014! However, 2019 closed with nearly $4.2 trillion in consumer debt (a record high which does Not include mortgages). According to Alicia Katz`s investigation (Deputy editor of The City) this surge…

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