Buy Now, Pay Later Is Changing How We Shop

BNPL Use Has Doubled Since Last Year

More people are using Buy Now, Pay Later (BNPL) options from Klarna, Affirm, and Afterpay. A new Statista report shows usage has doubled since 2023.

Why It’s So Popular

It’s fast, easy, and feels less painful than using a credit card. Shoppers like breaking up big purchases into smaller chunks with zero or low interest.

Retailers Are All In

Online stores now highlight BNPL options during checkout. It boosts sales and lowers cart abandonment. Even brick-and-mortar shops are jumping in.

But There’s a Catch

Late fees and missed payments can hurt your credit. Consumers should treat BNPL like any other loan. Responsible use is key.

What’s Next for BNPL?

Expect stricter regulations and new credit scoring models. Also, watch for more integration into daily budgeting apps.