A new type of lay-by is making a comeback in an attempt to lure young banking customers away from buy now, pay later schemes. 9News
digital bank Up this week launched a new product as an echo of the old-school method of lay-by.
Upon reaching their goal, consumers receive a notification letting them know that they have the money to buy the item – if they still want to.The new, wacky and innovative technology on display for 2022"I remember that feeling, as a kid, of there being that new video game that I wanted and saving up my coins and going to Target every week," Shay said.
"Essentially they're looking for new customers. Ideally they want you to have this as your main transaction account and then have your savings accounts off that."
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