Experian Clients Demand More Services Related to Buy-Now-Pay-Later

Experian sees growing demand for its services in the booming buy-now-pay-later (BNPL) sector as it adds more clients to the unit, the world’s largest credit data firm said on Friday after a strong third quarter. BNPL is a segment that is becoming more mainstream and Experian’s clients are demanding the company’s services to know whether an applicant is real or fraudulent, Chief Communication Officer Nadia Ridout-Jamieson told Reuters. “The interesting thing about buy now pay later, is that more people want to know what it means for the total indebtedness of the consumer, or how is the consumer handling debts,” Jamieson said. Jamieson said the company has added a lot of clients in the past year in its new BNPL segment. Buy-now-pay-later services have exploded in popularity. PayPal Inc. recorded five times higher volumes on its BNPL platform on Black Friday 2021 compared to 2020. Experian reported a 14 percent …

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