Buy Now, Pay Later: In Conversation With Philip Belamant

Buy Now, Pay Later: In Conversation With Philip Belamant

Assessment

Interactive Video

Business

University

Hard

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Danny Berger hosts a discussion with Phillip Belmont, CEO of Zilch, about the company's unique approach to the Buy Now Pay Later (BNPL) market. Zilch differentiates itself by targeting consumers directly, unlike traditional BNPL models. The conversation covers Zilch's rapid growth, regulatory challenges, and competition from traditional financial institutions. Phillip also discusses future trends, including the integration of BNPL with cryptocurrencies, highlighting Zilch's innovative strategies in the fintech space.

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary way Zilch differentiates itself from traditional BNPL models like Klarna?

By focusing on offline purchases

By going direct to consumers

By integrating with more retailers

By offering lower interest rates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has Zilch's customer base grown since its inception?

It has decreased due to competition

It has grown to over 1.1 million customers in under 13 months

It has remained stable

It has grown slowly over several years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common criticism of BNPL companies regarding economic downturns?

They offer too many discounts

They are too heavily regulated

They lack data on consumer behavior during downturns

They have too much data on downturns

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Zilch plan to compete with traditional credit card companies?

By partnering with more banks

By building trust with a younger customer base

By offering higher credit limits

By reducing transaction fees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Zilch ensure consumer protection in its BNPL model?

By charging high interest rates

By restricting product use if payments are missed

By allowing unlimited credit

By offering no credit checks

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What trend is Zilch observing in the use of BNPL for purchases?

Increased use for non-discretionary purchases

Decreased use in offline stores

Decreased use due to high fees

Increased use for luxury items

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of retail is still offline, according to the discussion?

30%

50%

90%

70%

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