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MDR is not as sensitive to interest rates as the common man has been conned by banks into believing.

As somebody pointed out on Twitter, interest rates have crashed in the last 60 years but APRs have always been in the same 24-36% range and MDR, in the same 2-4% range, over the entire life of the credit card industry. 

AFAIK, BNPL MDR tends to be higher, 4-6%.

Re. #3, 8 v. 5 dresses is 60% uplift. I've not come across any data suggesting that such a high uplift is feasible.   

OTOH, there's data to support an even higher uplift, but in another metric: Average Order Value (85% per Affirm).

Applied to your example, that would translate to, sales of 5 dresses @ 1800 instead of 5 dresses @ 1000.

Bolt, Coinbase, Fast and other fintechs are firing. The banks they were supposed to disrupt are hiring. #GoFigure.

Any idea if delaying / defaulting on a £5 BNPL repayment would have as much adverse impact on credit score as delaying / defaulting on a £500 BNPL repayment?

Will this move ensure that all bank issuers of MasterCard will automatically approve all NFT purchases made with MasterCard credit cards - at least the ones made on these specific NFT marketplaces?

Curious why OpenSea, the world's largest NFT marketplace, is conspicuous by its absence from this list. 

"There are 5 million users of EU Open Banking in a population of nearly 450 million people, and 80 million users of US Open Finance in a population of 330 million people." ~ Open Banking: EU v. USA.

With richer API collection, better developer experience and so many other things ostensibly going good for it, any idea why the adoption of Open Banking EU is so underwhelming compared to that of Open Finance USA?

Keen to know if Apple's BNPL will work only on Apple Card or any of the other credit cards used as funding source for Apple Pay.

Even as a Crypto Maxi, I find the notion of one cryptocoin claiming to be a stablecoin when it has another cryptocoin as collateral - à la Terra USD - Luna Coin pair - ranking even higher on the grifting scale than CDO2 on top of CDO on top of MBS.

Great post. SCA in the form of 2FA / 3DS has been a thing in India for 15 years. It's "one size fits all". Exemption is not a thing. Going by that sole experience of SCA, I didn't know 3DS has a good degree of flexibility.

2FA has been a conversion killer in India, with failed payments touching 40% at their peak.

Going by the nuanced implementation of SCA in EU, I no longer feel it might be a recipe for disaster as I'd thought so far.

Somehow I never thought a new-age Challenger Bank would deal with currency notes and coins, and, until I read the part about 5 years ago, assumed the article was about cryptocoin, and wondered why anyone would need software to count it:).