The pandemic has accelerated the popularity of buy now, pay later services with many consumers thinking of them as credit cards without interest.
That $128 pair of jeans can now be had for just four payments of $32. Dropping $100 on cosmetics seems less indulgent when the transaction is broken up into $25 payments.
Even a pricey Dyson vacuum can be rationalised when purchased in $125 instalments.
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Original URL: https://www.afr.com/companies/financial-services/consumers-and-companies-are-buying-in-on-paying-later-20210907-p58pg2
