The Buy Now Pay Later (BNPL) / Point of Sale Lending (PoS) market is expected to grow over 300% by 2027.
Consumers are shifting from credit cards and leaning on BNPL options to finance their purchases. Credit card debt has fallen to “unprecedented” levels,down 10% from 2019in the U.S.In Australia, credit card usage decreased 6.6% in the last financial year—ditching more than 100,000 cards and bringing the level of valid credit cards back to levels not seen since 2009.
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