Illustration: Álvaro Bernis
Global Investing
The Economist: Buy now, pay later? The unstoppable rise of BNPL
Buy that burrito, and don’t let anyone judge you
Key topics:
BNPL usage surges, reaching $342bn globally, driven by younger consumers
Industry expands into business loans, securitised debt, and digital wallets
Despite risks, BNPL shows lower default rates than credit cards so far
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