The Looming Showdown between Online Merchant Portals (Buy Now / Pay Later) and Retail Banks over Consumer Credit and eCommerce

There has been an explosion of Fintechs offering online merchants the checkout option of ‘buy now, pay later'. Will this encroach on the lucrative consumer credit market dominated by retail banks with their credit card offerings? Are trends among younger customers seeing a move away from credit cards? What will it take to retain and win new customers in such an environment? Is there potential for collaboration among stakeholders, or can the pie be carved up peaceably for all?