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Back to school: You can now pay for those jeans in installments
the BBB serving Southern Alberta and East Kootenay.“College students may be targeted, high-school students may be targeted, because they may not have all that disposable money at once,” Thomas says.But the financial companies that offer the service tend to take a radically different view, arguing the new incarnation of BNPL can be a cheaper alternative to traditional credit card purchases.“It really is an alternative to a credit card in many ways,” says Wayne Pommen, president and CEO of PayBright, a Canadian payments platform that offers consumers the option to split smaller purchases into four bi-weekly payments or pay for larger expenses in monthly installments.Often, the option to buy now, pay later comes at check-out.