Buy Now, Pay Later: Risks and Rewards
Retail TouchPoints
AUGUST 3, 2022
Also known as a point-of-sale loan, BNPL splits a purchase into multiple equal payments, with the first payment usually due at checkout and subsequent payments billed to a credit or debit card. The global market for BNPL services was $125 billion in 2021 and is expected to reach $3.2 trillion by 2030.
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