The Hub October 2019
We’re running our next industry event later this month. The Hub will be held in both Wellington and Auckland on the following dates:
|When: Wednesday 30 October 2019||When: Thursday 31 October 2019|
|Time: 7.30am – 9.15am||Time: 7.30am – 9.15am|
|Where: Intercontinental, Lambton 2 & 3, 2 Grey Street, Wellington||Where: Cordis hotel, Crystal 1 & 2, 83 Symonds Street, Auckland|
The Hub is an industry event we run periodically throughout the year to give the payments community an opportunity to build connections, discuss topical issues and learn about emerging trends. Our topic for The Hub October 2019 is:
The rise of ‘buy now, pay later’
In the last couple of years ‘buy now, pay later’ (BNPL) solutions have experienced phenomenal growth and this trend is showing no sign of slowing. Over 228,000 Kiwis have already signed up to BNPL schemes which is growing in popularity, particularly among younger millennials and Gen Z.
As more retailers allow this form of alternative payment, the trend looks set to continue. A NZ Post report on ecommerce found 12% of online shoppers in 2018 used part-payment systems for their purchases and it estimated that 20% of all clothing and footwear spend was with BNPL. BNPL is also starting to go beyond retail shopping. In Australia, parents are even using it to pay for their child’s school fees.
At The Hub our panel of experts will discuss the trends and developments in BNPL services, how it has evolved globally and within New Zealand, what it means for consumers and traditional finance organisations, and more. We’ll be announcing our panellists soon. Our Chief Executive, Steve Wiggins will also provide an update on what we’ve been working on and our upcoming work programme.
7.30am Pre-event networking breakfast
8.00am Event starts
8.05am Payments NZ update – Steve Wiggins
9.15am Event ends
If you’re involved in the payments industry and would like to attend this event, you can register for The Hub October 2019.
For enquiries about The Hub, please contact our Membership Services Coordinator, Justine Boyle, at [email protected]