Buy now, pay later: a cross-country analysis

Giulio Cornelli, Leonardo Gambacorta and Livia Pancotto

BIS Quarterly Review, 2023

Abstract: Buy now, pay later (BNPL) schemes let consumers spread their spending over a number of interest-free instalments, which are typically unreported to credit bureaus. BNPL is growing strongly, especially in countries with strong e-commerce, higher inflation, inefficient banking systems and less stringent regulations. Used to a greater extent by young adults, who are typically heavily indebted and have low credit scores, BNPL schemes suffer higher delinquency rates than traditional consumer credit.

JEL-codes: D12 G40 G50 G51 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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