Buy Now, Pay Later (BNPL) apps are becoming popular among consumers looking to spread out the cost of expensive purchases. However, cash-strapped consumers are increasingly buying essentials on BNPL instalment plans due to the high costs of living amid elevated inflation.
From Affirm, Zip and Apple to PayPal, Klarna, and now Doordash, BNPL service providers are rapidly becoming the top choice for younger people looking to make purchases on credit. Doordash, a food delivery app, announced it has partnered with Klarna, which will allow users to eat now, and pay later.
