Why has BNPL become so popular recently?
There are several factors that are contributing to the surge in popularity for BNPL. The main factors are the adoption of the payment option by many online retailers and a selection of high street retailers, such as ASOS, Homebase, Amazon, and Boots. It has even been labelled as the “the future of millennial finance”, gaining a strong foothold among shoppers with tight budgets, who are looking for flexible ways to spread or defer payments.