AFTPF - 'Buy now pay later' options trend up as credit card standards tighten

With the surge in ecommerce during the pandemic, "buy now, pay later" installment payment plans are gaining in popularity as credit card balances decline.Fintech firms leading the charge include Affirm (AFRM), which confidentially filed for an IPO in October, Australia-based Afterpay ([[AFTPF]] -2.3%), and closely held Klarna Bank AB (KLAR).Amid economic uncertainty, consumers have become more wary of taking on more credit card debt at the same time that banks are tightening credit.Afterpay says more than 13M U.S. shoppers have opened accounts with the service as of November, with more than half (7.5M) making a purchase using Afterpay in the previous 12 months.Klarna had 11M total U.S. users as of October, with 2M using the app in the preceding month. And the number of annually active Affirm users grew to 3.9M as of Sept. 30, up 63% Y/Y.The most common form of the "buy now, pay later" plan splits the

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'Buy now, pay later' options trend up as credit card standards tighten