US EditionFed, PYMNTS Reports Highlight How Financially Strained Consumers Use BNPL
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Fed, PYMNTS Reports Highlight How Financially Strained Consumers Use BNPL
Earlier this year, PYMNTS Intelligence detailed the ways in which pay later plans — and buy now, pay later (BNPL) offerings in particular — have been finding wide use as a way to manage day-to-day, essential expenses. In the Pay Later Report, we found that within the paycheck-to-paycheck segment — which represents about two-thirds of the population — 75% had been using those plans, across all income levels. The data shows that paying over time h…
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