The new wave of BNPL startups has now gathered gargantuan momentum, prompting new competition. The Swedish player Klarna and the US player PayPal may have set the tone in the BNPL sector but the new players in the UK that are upping the ante in this game. With Zilch raising massive funding last week and Payl8r joining the league this week with its fresh raise, the playing ground of the BNPL companies just got more interesting.
The growing handful of rival players in the space are looking to spur more online purchases that Brits pay for over time. Hence, the UK consumers’ love affair with eCommerce with regards to BNPL schemes is showing no signs of slowing down any time soon. This was revealed by Money.co.uk in its new survey Shop Now, Stress Later. The report looks at the UK’s attitudes towards BNPL services and to what extent are shoppers being tempted!
Shop Now, Stress Later Report 2021
- One in five (19%) shoppers admit BNPL is a way to buy now and worry later.
- One in eight (13%) of 18-24 year olds say influencers encouraged their decision to use…
