5 Trusted Global BNPL Players 2022
The pandemic triggered a significant change in how customers interact with businesses. Digital adoption skyrocketed when lockdowns and movement restrictions were put in place. Several people started buying products online for nearly everything, from groceries to apparel. Compared to cash, it encourages online transactions and helps the BNPL segment of customer lending. It recommends short-term microcredit options that let customers shop online and pay with little or no interest within a few days or weeks. Anyone can leverage this payment option on platforms for grocery, food delivery, travel booking, and some other platforms. The global BNPL market, estimated at $5.01 billion in 2021, is growing at a CAGR of 26 percent from 2022-2030.