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A payment method that some call ‘phantom debt’ just hit a new record

Por: MarketWatch Politics January 04, 2024

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That’s according to Adobe Analytics, which pointed to a 14% increase in buy-now-pay-later purchasing over the holidays in a report released Thursday. Over the course of 2023, BNPL spending rose about 14% as well, to hit $75 billion. The numbers are a bold-faced win for the emerging payment method. But some economists worry about the lack of clarity on the full size of the industry and the financial health of BNPL users. BNPL services allow... + full article



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