The “credit-card killer” Buy Now, Pay Later (BNPL) took the consumer world by storm throughout 2020 and 2021.

Key Takeaways from this Report

  1. Nearly half of the 2000 BNPL users surveyed, said that they will be paying for a part or all of 2021’s holiday purchases using BNPL.
  2. BNPL came in third place behind debit (65.7%) and credit cards (54.6%) in the list of payment methods.
  3. Holiday BNPL Shoppers are also more likely to increase their total holiday spending in 2021 relative to 2020, with 26.2% of this group planning to spend more this year.

About this Report

Drop for Business reports are created through aggregate transaction data and/or in-depth surveys. Learn more about Consumer Insights and Investment Solutions from Drop for Business.

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