Financial services Payments August 17, 2021You’ve seen the offers, online and in stores: pay now, or pay later in four easy installments. Our research finds that this innovation, point-of-sale financing, is growing much faster than traditional unsecured lending. The new services are diverting some $8 to $10 billion annually from banks’ revenues. We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: McKinsey_Website_Accessibility@mckinsey.com To read the article, see “Buy now, pay later: Five business models to compete,” July 29, 2021.