Vestiaire Collective: Resale Platforms and BNPL Power Sustainable Luxury Purchases

Buy Now, Pay Later Tracker® - April 2022

Resale platforms and BNPL options offer a sustainable way for discerning consumers to make upmarket purchases, in a financially responsible way. In the “Buy Now, Pay Later Tracker®,” a PYMNTS and Splitit collaboration, Vestiaire Collective’s Head of Payments Pedro Bennasar explains how BNPL’s flexibility empowers consumers to enjoy their dream products and save the planet.

 

Inside the April Tracker
  • An interview with Pedro Bennasar, head of payment for Vestiaire Collective, on how the global online marketplace is using buy now, pay later installment payment plans to help make high-end fashion accessible to all consumers and expand its reach worldwide
  • An in-depth look at the role BNPL plays in reducing friction and preventing cart abandonment as well as how merchants and BNPL providers are responding to new BNPL developments
  • The latest headlines from around the BNPL space, including how BNPL is forecast to reach $3.27 trillion by 2030 and how “BNPL 3.0” could change the face of the credit industry

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