The news: HSBC rolled out a point-of-sale (POS) installment offering called Flexipay in the UK, per Finextra. The loans offer a fixed interest rate and monthly payments over a range of repayment periods.
Why it matters: BNPL competition is heating up in the UK.
Our take: HSBC’s entry into the UK BNPL market won’t be without difficulty.
HSBC will need some big-name merchant partnerships in 2025 to catch up to BNPL incumbents and make inroads in the market.
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