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While Buy Now, Pay Later (BNPL) is in its infancy in the U.S. with ~1.6% (~$18B) of eCommerce transactions in 2020, BNPL is predicted to reach ~4.5% of eCommerce transactions in 2024.
For traditional financial institutions to remain competitive, they must focus on adapting to the evolving needs of the consumer around digital and overall experience, while being able to confidently say "yes" to more consumers.
Download this eBook and discover:
- What exactly is BNPL and why it's important
- Who is using BNPL options
- Benefits of BNPL to consumer, BNPL providers and traditional lenders
- Market trends