Buy Now, Pay Later Soars in Europe Amid Regulatory Chatter
LONDON, Oct. 4, 2023 /PRNewswire/ -- Buy Now, Pay Later (BNPL) services continue to see significant growth across the UK and European markets.
- LONDON, Oct. 4, 2023 /PRNewswire/ -- Buy Now, Pay Later (BNPL) services continue to see significant growth across the UK and European markets.
- Over 19 million UK consumers have used Buy Now, Pay Later (BNPL) services, including 40% of credit cardholders, according to Auriemma Group's latest issue of Cardbeat UK.
- As of mid-2023, half (51%) of Buy Now, Pay Later users have used Klarna before, while 47% say it is their preferred provider.
- Use of Clearpay remains notably lower, with one-quarter (24%) of Buy Now, Pay Later users trying the service, and 10% preferring it over other providers.