Buy Now Pay Later Growth: PayPal Pay Later

In our ongoing blog series covering Buy Now Pay Later (BNPL), we’ve begun exploring the explosive growth of such payment methods while wondering if BNPL is really worth the hype. We then spotlighted Klarna, one of the major BNPL providers.

We’ll now examine another leading BNPL provider, PayPal. Perhaps the best known alternative payment method globally, the payment giant’s Buy Now Pay Later solution has been dubbed PayPal Pay Later.

Since its humble beginnings in 1998, PayPal has grown to a reported 392 million active accounts in 2021, with an average of 42.2 payment transactions per active account per year. And, although PayPal entered the BNPL market a little late, with such a commanding name in alternative payments, it certainly has the scale and brand clout to be a major player.

How PayPal Pay Later works:

Read more here: https://www.aciworldwide.com/blog/buy-now-pay-later-growth-paypal-pay-later