Who will win: banks or fintech

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Ozon Installment" is a service that allows you to purchase any goods on the site - from clothes to gadgets and household appliances in installments of up to 6 months. In this case, the first payment germany telegram database can be made a month after the purchase. The limit is 300 thousand rubles.



In the international market, fintech products are more often developed by startups and technology companies. For example, Apple followed the global trend and launched its own BNPL service Apple Pay Later in the US . With it, you can split the payment for purchases into four equal parts over six weeks for purchases from $75 to $1000. Banks are not keeping up with startups in offering such attractive solutions.

In Russia, the situation is different. It is banks that are pioneering the creation of digital services. Why is this happening? When a service gives money for a purchase, it does not know the user's credit history: whether they have a mortgage, a car loan or a consumer loan, whether they are late with payments. Unlike a regular loan, BNPL takes a "leap of faith" in the user's favor and largely relies on their good faith.

To reduce potential losses, services need to legally obtain information about the buyer's solvency. Therefore, such transactions are approved by those who have access to this data. So the less is known about the user, the lower the probability of approval and the amount of the available purchase limit.