Today in Data: Betting on BNPL

Data

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$7.5B: Size of the BNPL market in Great Britain, where digital bank Zola has just launched its own installment payment product

925%: Increase in BNPL spending among Gen Z consumers since the start of 2020

700: Number of employees laid off last month by BNPL firm Klarna

80%: Drop in stock since November 2021 peak for leading BNPL provider Affirm, which has lost around $42 billion in market value

4%: Amount of in-store purchases made using BNPL