Who is Using Buy Now, Pay Later?

Profile of an emerging small-dollar credit market

Photo by Bruno Kelzer on Unsplash

The explosive growth of small-dollar credit product Buy Now, Pay Later (think products like Klarna, Affirm, Afterpay) has caused some concern among consumer advocates.

The products are not regulated like traditional credit products and they can, if overused, lead to a cycle of debt that is difficult…