CNN —
Buy now, Pay Later services had their best day yet on Cyber Monday, with consumers spending a record-breaking $991.2 million, according to Adobe Analytics.
With holiday shopping now in full swing, US consumers are making more purchases using these services, which are known in the industry as BNPL.
So far in 2024, BNPL spending in the United States has outpaced prior years. Consumers spent a total of $75.1 billion dollars with BNPL in 2023, up from $65.6 billion dollars in 2022, a 14% increase.
Experts caution that while these services
→ Continue reading at CNN - Business News
