Has the buy now, pay later model changed American spending habits for good?

As featured in Bankrate:

Buy now, pay later (BNPL) apps and products quickly jumped on to the consumer lending scene and, within a few years, have become the standard for financing a purchase.

American retail and consumer spending habits have arguably changed forever as a result of the recent BNPL boom as shoppers no longer need to use credit or save up for a big-ticket purchase.

With nearly every retailer offering this payment option through an app, in-store loan or credit card, it begs the question: how much further can this lending model grow and how has it altered consumer spending trends?

See the full story in Bankrate to hear what our CEO, Ed Maslaveckas, has to say.