When it comes to consumer finance, the credit card has been on the top of the pack for years. Recently, however, the tides have begun to shift. Buy Now, Pay Later is a new approach to cash flow management, and leading companies like AfterPay, ZipPay, and Klarna are attracting millions of customers across the globe. Almost 2 million Australians had used Buy Now Pay Later services according to some research released by Roy Morgan in November last year. Young Australians are the most likely to shop with buy now pay later, with nearly 56% of customers between 14 and 34 years old, with those in the 25-34 range making up 33.5% of all users.    This new industry is not devoid of criticism. Some players have been critiqued for fostering poor budgeting habits, especially among young people. These services also fall outside of regular credit and financial regulation, which led to a Senate inquiry and involvement by ASIC.  To talk us through the ins and outs of this world, we’re joined this week by Jonathan Kelly, the Chief Growth and Innovation Officer for Flexigroup. Jonathan and Sally discuss the origins of this innovative new financial technology, why consumers are so keen, and why he thinks the days are numbered for credit cards and frequent flyer points. This episode is proudly presented by Bundll. Full show notes at https://www.finder.com.au/podcast  Find us on Insta at https://www.instagram.com/pocketmoneypodcast   Join our Facebook group https://www.facebook.com/groups/pocketmoneypodcast/  Listen and subscribe https://pod.link/1448147010