BNPL Sector Sees Record High Issuance in 2024 

The use of buy-now-pay-later (BNPL) services spiked on Cyber Monday as consumer spending reached a record $991.2 million that day. Consumers spent $75.1 billion using BNPL in 2024 – up 14% from 2022. According to a Federal Reserve Bank of Philadelphia survey, BNPL consumers tend to be younger and are more likely to have difficulty obtaining other forms of credit. 

Read More