AFTPY - Consumers expect to use BNPL more this holiday season survey says

With the holiday shopping season in high gear, many retailers are offering Buy Now, Pay Later options and many consumers plan to take them up on it, according to a survey by Cardify. Almost half (45.1%) of 2,000 BNPL users say they'll be paying for part, or all, of this year's holiday purchases using BNPL, putting it in third place behind debit cards (65.7%) and credit cards (54.6%). Only 31.5% of those surveyed said they'll pay with cash or check. Of those who used BNPL for holiday shopping last year, 51.1% plan to use BNPL for more of their shopping this holiday season. Some 38.9% plan to use it the same amount and only 10.1% plan to use it less. They're also likely to spend more this holiday season than shoppers who don't plan to use BNPL. 26.2% of the BNPL shoppers plan to spend more this year vs. 21.3%

For further details see:

Consumers expect to use BNPL more this holiday season, survey says