Equifax Takes the Lead in Understanding Buy Now, Pay Later’s Impact on Credit Risk

In a move that underscores its commitment to innovation and customer-centricity, Equifax Inc, a leading credit reporting agency, has partnered with Qlarifi to delve into the complex world of Buy Now, Pay Later (BNPL) services. As the popularity of BNPL continues to soar, with over 50% of U.S. consumers currently using these services, the study aims to provide valuable insights into the effects of BNPL reporting on credit risk assessments and fraud prevention.

The collaboration comes at a time when BNPL usage is expected to increase in 2025, with many consumers planning to take advantage of these flexible payment options. By partnering with Qlarifi, Equifax is positioning itself to stay ahead of the curve in the credit reporting industry, a move that is likely to have a positive impact on its stock price.

Equifax’s stock has shown a moderate increase in recent years, with a 52-week high of nearly $310 and a current price above $247. The partnership with Qlarifi is seen as a significant development for the company, highlighting its commitment to staying at the forefront of the credit reporting industry.

Key Takeaways from the Partnership

  • Equifax and Qlarifi will study the impact of BNPL on credit risk and fraud prevention
  • The study aims to provide valuable insights into the effects of BNPL reporting on credit risk assessments and fraud prevention
  • The partnership is seen as a positive development for Equifax, highlighting its commitment to innovation and customer-centricity
  • The study is expected to inform Equifax’s approach to credit reporting and risk assessment in the BNPL space

What’s Next for Equifax and Qlarifi?

The partnership between Equifax and Qlarifi is a significant step forward in understanding the impact of BNPL on credit risk and fraud prevention. As the study progresses, we can expect to see Equifax continue to innovate and adapt to the changing landscape of the credit reporting industry. With its commitment to staying at the forefront of the industry, Equifax is well-positioned to capitalize on the growing demand for BNPL services.