US shoppers use BNPL to buy groceries, cost of living crisis continues

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Finance Finance Headlines News

Forget luxury goods, US shoppers are now using buy-now-pay-later services to pay for groceries

But according to Adobe, the way BNPL is being used is changing. While the number of online purchases made using BNPL services grew in the last two months, revenue fell by 19% year-over-year — indicating that customers are using these services for cheaper items.

A spokesperson for Klarna did not comment on whether it has seen an uptick in its users using BNPL for grocery shopping when contacted by Insider. However, they reiterated Pandya's point, adding that buying on credit can be a good way for customers to make savings by buying non-perishable items in bulk.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Send a thank you note to Joe Biden. I hope the people who are being impacted the most are the people who voted Biden. Bless your heart.

Ouch, I wonder what will be the consequences on the long run ... :s

I doubt it’s a good idea.. people will be in debt.. it’s good for inflation once majority adopt the approach.. just saying…

So glad that stock buybacks are legal and our politicians can be legally bought. This is definitely the sign of a healthy economy for the working class.

Geezus

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Some men with 'bigger egos' take on too much work and burn outAn overworked engineer says he's an example of men taking on too much because of their 'bigger egos.' It could be why so many of them are leaving the workforce. O really Oh, please. Bob Marley said 'Ride, Natty, Ride,' so that's what we do. 'Oh, you noticed?'
Source: BusinessInsider - 🏆 729. / 51 Read more »

AI startup Coactive raises $10.4 million from a16z and BessemerAn exclusive look at how AI startup Coactive scored $10.4 million in funding from Andreessen Horowitz and Bessemer to analyze unstructured visual content
Source: BusinessInsider - 🏆 729. / 51 Read more »

DoorDash is accepting cash for deliveries made on DoorDash DriveDoorDash customers can now pay with cash for some pizza and other food deliveries just like in the old days In South Africa 🇿🇦 we still and always have paid cash for food deliveries
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why Goldman Sachs alumni are flocking to top hedge fundsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Because what could possibly go wrong when wealthy hedge funds are staffed by Wall Street elites?
Source: BusinessInsider - 🏆 729. / 51 Read more »