Millennials and Gen Zers have an addictive new way to buy stuff that would look familiar to their great-grandparents. “Buy now, pay later” is a type of consumer credit that really got going in the 19th century when Singer sewing machines were sold for a “dollar down, dollar a week.” But the modern fintech twist in “BNPL” is that it’s aimed at people making impulse purchases of fashion or jewelry or electronics rather than sofas or refrigerators.
Similar Stories to How Old-style Buy Now, Pay Later Became Trendy ‘bnpl’ on Bing News
By James Boxell | Bloomberg, Washington Post: Business
Tue, 11/30/2021 - 1:35am
BING NEWS:
- Buy Now, Pay Later becoming more popular with Americans but at what cost?
Buy Now Pay Later programs are short-term installment loans often without interest. They are most popular among Gen Zers, parents with young children, millennials and men.
05/3/2024 - 12:14 pm | View Link - Best Buy Now, Pay Later Apps of May 2024
Pay Later Apps of 2024 Buy now, pay later (BNPL) apps offer convenient, immediate financing when you’re shopping online or in a store. If you choose a “Pay in 4” plan, which generally spans six weeks, ...
05/2/2024 - 8:09 am | View Link - ‘Buy now, pay later’ most popular among Gen Z generation
A first-quarter survey by global information and insights company TransUnion shows that only a third of Filipinos believe they have sufficient access to credit and lending products. This represents a ...
05/1/2024 - 5:21 pm | View Link - Buy Now, Pay Later Up Double Digits as Shoppers Shrug Off Inflation Worries
Lingering inflation isn't stopping shoppers from shelling out on new stuff-they're just getting creative about financing their lifestyles. That's according to buy now, pay later (BNPL) solutions ...
05/1/2024 - 2:22 am | View Link - Focus: Buy now, pay later lender Affirm pushes into elective medical procedures
Fintech lender Affirm has started quietly offering "buy now, pay later" (BNPL) loans for elective medical procedures, in a major push beyond its core e-commerce market, the company told Reuters.
04/23/2024 - 11:52 am | View Link - More
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