Why BNPL is the Growth Driver You Need?

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Buy-now-pay-later (BNPL) is a type of financing that allows shoppers to purchase items and pay for them over time. The terms of the financing vary depending on the provider, but typically, shoppers have anywhere from two weeks to a few months to pay off their purchase.

There are a number of different BNPL providers out there, but some of the most popular ones include:

Afterpay
Klarna
Zip Pay

There’s no doubt that BNPL is one of the hottest trends in eCommerce right now. And for belize phone number list good reason! BNPL gives customers the ability to split their purchase into manageable installments, without incurring interest or fees. This makes it an appealing alternative to traditional credit products, which can often be expensive and difficult to obtain.

Best of all, BNPL can be used for a wide range of purchases, from everyday items to big-ticket items.

So why should you consider BNPL for your eCommerce store?

First, it’s important to note that BNPL is growing at an incredible rate. According to Statista, the global BNPL market is expected to reach $576 billion by 2026. This rapid growth is being driven by many factors, including the increasing popularity of online shopping and the convenience of BNPL products.