Consumers and companies are buying in on paying later
The pandemic has accelerated the popularity of buy now, pay later services with many consumers thinking of them as credit cards without interest.
Tara Siegel Bernard
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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