S&P Global Market Intelligence has said the “buy now, pay later” (BNPL) space will be worth $352 billion within four years — about a fourfold increase over its current size. S&P even thinks there’s a cautionary tale in there for legacy banks and that four-letter-word: disintermediation.
We can’t concern ourselves with sunny prognostications at the moment, however, because PYMNTS’ Provider Ranking of Alternative Credit Apps deals in hard data.
This ranking has a special rhythm, with brands switching places with slight but meaningful chess moves up and down the charts that keep things lively, as we’re about to find out.
The Top Five
Did you really think Klarna wouldn’t be at No. 1 again after the year it had? Newly public company Affirm climbs one spot to grab No. 2 in the new Provider Ranking of Alternative Credit Apps, pushing New York-based QuadPay down one to No. 3.
Holding onto their respective chart positions for another month are Australia’s amazing Afterpay at No. 4, and the sizzling Sezzle app at No. 5, closing out the top five for this update.
The Top 10
There’s some movement observed in the lower half of the top 10, as is often the case.
Per this latest Provider Ranking of Alternative Credit Apps, interest-free Zip Pay gained some fans notching a one-spot gain to No. 6 and driving the popular Paidy app down one to the perfectly respectable No. 7 posting this time around.
That’s it by way of action.
The Laybuy app has no trouble keeping still at No. 8, while Utah-based FuturePay is situated at No. 9 for another Provider Ranking of Alternative Credit Apps. Taking us out for this update is Humm, sticking at No. 10 yet again.
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