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Consumers using more buy now, pay later apps, cutting back non-essentials as basic living costs soar

Por: Fox Business Business January 15, 2024

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Cyber Monday buy now, pay later (BNPL) app usage hit $9.4 million this year, up 42.5%. (iStock) Consumers have moderated their spending in recent years as inflation takes hold, and the economy slowly recovers from the COVID-19 pandemic. While they’ve cut back on certain non-essentials, it is also clear that Americans are turning to alternative payment methods like buy now, pay later (BNPL) apps to make ends meet. The end of last year saw the... + full article



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