Mambu’s Simon Hammerschmidt On The Start Of A New Form Of Payment

Simon Hammerschmidt, Global Head of Strategic Partnerships at Mambu talks to FF News about the recent developments in the payments ecosystem with buy now pay later; and whether or not a new form of payment could lie on the horizon. I think it’s the ease of access. It’s a kind of seamless process at the point of sale, whether you’re doing it from that e-commerce point of view or even at the till. I think it was also the element that it’s either low or zero interest. So, it’s just a way of spreading your purchase over a slightly longer period and therefore increasing wallet spend.” “I know certainly with my kids they are more tempted to buy a slightly larger purchase. My daughter’s just got her first job. She’s happier to buy that handbag or that pair of shoes if she can just split that over 4 easy payments and it doesn’t actually cost her any more to do it.”