SRM Releases Report on Buy Now, Pay Later Services and Why It Matters for Financial Institutions


MEMPHIS, Tenn., May 24, 2022 – SRM (Strategic Resource Management), an independent advisory firm serving financial institutions, manufacturing, retail, and other industries across the U.S. and Europe, today released its most recent report, “Buy Now, Pay Later: What’s Old is New Again in Payment Choices.”

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Buy Now, Pay Later (BNPL) has a far-reaching effect; Allied Market Research forecasts that the global BNPL market will grow at a 45.7% compound annual growth rate (CAGR) through 2030. While it has gained serious traction, much of the BNPL financing volume has been handled by fintech companies. Community banks and credit unions have been hesitant to provide the service, influenced by regulatory uncertainty.

With all factors considered, SRM believes financial institutions must give serious strategic consideration to BNPL – not as a standalone installment credit offering but as a component of a holistic product set. Given the decline in the number of FIs charging nonsufficient funds (NSF) and overdraft fees, BNPL could offer a new source of non-interest income. This new report provides an overview of the existing and projected BNPL landscape, market lessons to date, and the opportunities and threats stemming from action and inaction.

“While the BNPL models are still being shaped, consumers have demonstrated a strong appetite for these services – and who better to offer BNPL than trusted financial institutions?” said Myron Schwarcz, SRM’s Chief Product Officer. “Our report breaks down why adoption is increasing, why financial institutions need to pay attention, and how BNPL can fit into an institution’s holistic banking strategy. The demand is there, and now is the time for financial institutions to step up to the plate.”

About SRM

SRM (Strategic Resource Management) has helped 1,000+ financial institutions add more than $5 billion of value to their bottom line in areas such as payments, digital transformation, core processing, artificial intelligence, cryptocurrency, and overall operating efficiency. SRM – now in its 30th year in business – has lowered costs, created revenue opportunities, increased productivity, and provided a competitive edge for clients in an environment of constant and accelerating change. Visit for more information and follow us on LinkedIn and Twitter for timely and relevant insights.