Buy Now, Pay Later Set to Double in Size by 2023

Worldpay’s new Global Payments Report says buy now, pay later is set to double in size by 2023; payments and the checkout experience have dramatically shifted in recent years as customers have looked for less friction and more convenience; there are concerns that as this market has grown consumers are just adding more debt; the companies in this space like Klarna, Afterpay and Affirm say they are providing an alternative and the services is not akin to payday lending; EVP, Head of Global eCommerce, Worldpay Merchant Solutions, FIS Shane Happach tells Forbes, “Buy Now, Pay Later delivers a more intuitive level of convenience and access for consumers than traditional credit cards. As digitally savvy Gen Z consumers come of age, this is especially significant as younger consumers are more used to making snap purchases and then deciding later if they want to keep it.” Forbes

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.