Insight Report 10 minutes PremiumBuy Now, Pay Later: A Growing Trend in Retail Coresight Research October 8, 2020 What's Inside“Buy now, pay later” (BNPL), a service that allows shoppers to break down purchases into monthly installments, has become a popular payment option. This service was gaining momentum even before the outbreak of the coronavirus this year, but Covid-19 has put pressure on some consumers’ pockets and thus made BNPL more appealing. In this report, we explore the BNPL market, covering the following content: • The growth of the market • Competitive landscape • BNPL usage by US consumers—using proprietary survey findings • Benefits of BNPL services • How consumers feel about BNPL services We also discuss recent developments in the BNPL space from three major financial services companies: 1 PayPal 2 American Express 3 Mastercard Click here to read more Coresight Research coverage of payment services and technology. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Declines in Financial Security Represent a Trend To Watch: US Consumer Survey InsightsInnovator Intelligence: Achieving Social and Live Commerce Success with Authentic, Interactive and Engaging ContentJanuary 2023 Monthly Consumer Update: US, UK and ChinaInnovator Profile: dotkonnekt Revolutionizes Digital Commerce with Its AI-Powered Sangria Platform