Buy Now, Pay Later: A Growing Trend in Retail

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.