“The Only Way I Could Afford It”: Who Uses BNPL and Why
Buy now, pay later (BNPL) is a fast-growing credit product that allows consumers to split payments over time. BNPL gained popularity as a new alternative credit product for online retail purchases over the past decade and has become available for in-person purchases as well as post-purchase credit card installment payment plans.
Authors
- Jeff Larrimore (ORCID: https://orcid.org/0000-0001-9715-3983)
- Anna Tranfaglia (ORCID: https://orcid.org/0009-0008-5855-0650)
- Zofsha Merchant
- Alicia Lloro
Institutions
- Federal Reserve (US)
- Federal Reserve Board of Governors (US)
Publication Details
- Journal
- FEDS Notes
- Published
- 2024-12-01
- DOI
- https://doi.org/10.17016/2380-7172.3675
- Primary Topic
- linguistics and terminology studies
- Type
- article
- Field-Weighted Citation Impact
- 0.00