Buy now pay later boom shows no signs of slowing this holiday season

The buy now, pay later phenomenon is showing little signs of slowing down.

Shoppers have flocked to the option over the last year as online shopping has surged amid the pandemic, benefiting fintech companies like Affirm, Klarna, and Square’s Afterpay, while also prompting other payment platforms like PayPal to move further in that direction and threatening banks and credit card companies.

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  • John K. White

    John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.