According to the results of this month’s “Buy Now, Pay Later Tracker,” more than half of the consumers are either more likely to choose retailers that offer it or switch to ones that do, which, according to Boundless CEO Xiao Wang, is evidence that BNPL benefits businesses just as much as it benefits customers.
Recent immigrants and persons seeking to immigrate have more challenges than most other groups in the United States, particularly when it comes to paying for the resources they require to support their efforts.
These people must bear the added costs of navigating the complex immigration system for themselves or their family members, on top of being more likely to be impoverished than the typical citizen by birth.
“There are several obstacles that prevent someone from beginning to live their life in the United States and being able to save up enough money to even begin this process plays a significant role in that. We can decrease that barrier for families by offering “buy now, pay later.”
Offering buys now, pay later (BNPL) has advantages for both the business using it and its clients. When customers can spread out the cost across several smaller installments, they are far more likely to make purchases in larger quantities, which increases the company’s income.
