The “credit-card killer” Buy Now, Pay Later (BNPL) took the consumer world by storm throughout 2020 and 2021.
Key Takeaways from this Report
- 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.
- BNPL came in third place behind debit (65.7%) and credit cards (54.6%) in the list of payment methods.
- 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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