What Is Buy Now, Pay Later (BNPL)? How does it work?
February 28, 202310 min
What do you think about the concept of Buy Now Pay Later? Is it a 2023 trend or an age-old concept?
What do you think about the concept of Buy Now Pay Later? Is it a 2023 trend or an age-old concept?
A new study from Juniper Research has predicted that the number of BNPL (Buy Now Pay Later) users will surpass 900 million globally by 2027; increasing from 360 million in 2022. This substantial growth of 157% will be driven by the anticipated economic downturn, which will increase the demand for low-cost credit solutions. BNPL schemes enable consumers to spread the cost of their purchases without interest charges; making them a highly attractive alternative to credit cards. Additionally,...