This summer, millions of Americans are planning trips — and a growing number are using buy now, pay later services to help cover the cost. These short-term installment loans, offered by companies like Klarna and Affirm, are being used to pay for flights, hotels, cruises, and even event tickets.
According to a NerdWallet survey, 18% of summer travelers planned to use BNPL this year. Klarna reported a 50% year-over-year jump in travel bookings, and Affirm (AFRM:NASDAQ) said its travel-related volume rose 38% in late 2024, topping $1 billion.
