Insight Report 10 minutes Premium

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.

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