The world’s fastest growing e-commerce payment method, ‘buy now, pay later’. Yet, many wonder what’s next for BNPL fintechs. At one point, a niche form of credit, BNPL, exploded during the pandemic and has been dubbed by some as ‘the future of finance for Millennials’.
In fact, the revolution is being driven by Millennials and Gen Z who make up 75% of BNPL customers. The thing contributing to BNPL’s still-growing popularity is the need for flexible payment options and an aversion to credit cards.