Following the economic disruptions caused by the pandemic, existing trends in customer buying behavior suddenly experienced a boost — one of which is the rise in usage of the “Buy Now, Pay Later” (BNPL) payment method. This payment scheme has been available for a long time; however, it slowly made its way back into public consciousness when COVID-19 gripped the world.

Today, we’re seeing the BNPL movement catching up in most developed countries, and with the rise of fintechs plus the ongoing global recovery from the pandemic, we see a massive growth in the global BNPL market.