High Earners Help Banks Take the Lead in Installments

Installment lending was once framed as a way to broaden access to credit. According to a PYMNTS Intelligence April report, “ The Pay Later Data Shift: Credit Card Installments Take the Lead ,” the market is moving beyond the original buy now, pay later (BNPL) narrative. Rather than displacing traditional credit products, installment lending is increasingly being absorbed into existing card ecosystems, while some of the strongest demand is coming from consumers with the greatest financial resourc