US BNPL Transactions Hit $175 Billion Amid Shifting Consumer Demands

The traditional pillars of consumer credit are undergoing a profound transformation as “pay later” options, once a niche for specific shoppers, are now redefining how Americans spend and borrow.

A new PYMNTS Intelligence report, “Pay Later Revolution: Redefining the Credit Economy,” highlights this evolution, detailing an ecosystem where traditional banks, nonbank lenders and FinTech startups are both competing and collaborating to offer flexible financing solutions for a widening array of goods and services.