Paycheck-to-Paycheck Consumers More Than Twice as Likely to Use BNPL

As shoppers look for financial tools to help them manage their budgets, those who are struggling to make ends meet are more likely to adopt buy now, pay later (BNPL) options than their financially stable counterparts.

By the Numbers

The PYMNTS Intelligence report “Redefining Retail: Consumer Finance Trends Driving the Evolution of Pay Later Plans” drew from a survey of more than 2,600 United States consumers to understand how and why shoppers were using various types of installment plans.