Buy Now, Pay Later services exploded in popularity during the pandemic, cementing the likes of … [+]
getty
The pandemic brought about an e-commerce retail boom, and with it has also come an explosion in the popularity of Buy Now, Pay Later (BNPL) services.
Last month, Swedish fintech heavyweight Klarna cemented its position as arguably the greatest giant in the space by confirming a new equity funding of just over £453 million – giving the 16-year-old company a value of around £32.33 billion, and making the BNPL business the highest-valued private fintech corporation in Europe.
With the rise of BNPL services intrinsically linked to online shopping, will their popularity continue as the world opens up, and shoppers return to bricks and mortar retail stores?
Buy Now, Pay Later options are expanding beyond online shopping only
We shouldn’t expect online…