Analyzing the rise of ‘Buy Now, Pay Later’ services

Image by OpenClipart-Vectors from Pixabay

By now you might be familiar with the term “Buy Now, Pay Later” (commonly referred to as “BNPL”). Let’s explore some of the reasons for this trend.

So what is BNPL exactly?

“Buy Now, Pay Later” schemes are loan financing products which are somewhat similar to credit cards. Through partnerships with specific retailers, you can buy…