KRI Webinar - Redefining Credit: The Rise of Buy Now, Pay Later (BNPL) in the Consumer Credit System

The webinar focuses on Chapter 2 of, which discusses “The Financialization of our Lives: Values and Trade-offs” report. The market pushes for consumerism through the use of BNPL schemes amidst the backdrop of households’ wage stagnation.
Overall, the report examines the multifaceted impact of financialization on individuals, households, and society at large, providing an analysis of societal well-being items such as housing and university education, as well as consumer credit, to mitigate incidences of high household debt.
These different household debt items have been analysed within the institutional arrangement and the role of the state in order to provide improvements to both outcomes and the institutional context.