How BNPLs have outgrown global growth
The buy now pay later mechanism has been taking the world by storm, fueled by innumerable added advantages and a growing user base. Such a service is slowly making inaccessible credit a thing of the past, and more shoppers and online store owners are embracing this movement. BNPL apps offer a range of unique services to their customers that help them improve their shopping experience and buy products they hold close to their hearts. As a result of this phenomenal acceptance rate in the market, the growth rate of the buy now pay later market has been rising exponentially and is set to outperform various other prominent economic segments. BNPL – a niche, emerging market With the help of BNPL apps, users have been able to let go of inhibitions deterring their shopping experience; this market has carved itself into a niche space in the global digital payments domain. Ecommerce retail stores prefer partnerships with BNPL apps to expand their demographic to the loyal buy now pay la