Buy Now, Pay Later and Financial Wellness

Summary: While demand for Buy Now, Pay Later (BNPL) installment payment plans has increased, there are still risks — just as with any type of loan. Sheba Wallish, Strategic Product Manager at Velera, shares the current state of BNPL offerings and suggests ways credit unions can mitigate the risks to protect their members.

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Author: Sheba Wallish is a Strategic Product Manager at Velera, where she is responsible for the strategic direction of Velera’s credit payment products. She also led the development and launch of Velera’s Installment Payments solution. Sheba has 20 years of credit card industry experience prior to joining Velera.

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