So-called “buy now pay later” services such as Klarna are due for a significant rise over the next few years, with a market cap set to reach $995 billion by 2026, new predictions have said.
A report from Juniper Research claims that such services, which are often integrated into e-commerce checkout options, are due to see a growth of 274% compared to the $226 billion figure expected for 2021.
There’s a growing appetite for more flexible payment options from consumers, with many choosing fixed instalment plans and flexible credit accounts to help them spread the cost of goods, especially when it comes to big ticket items.
