BNPL is balancing rising popularity among consumers with increasing regulatory and media attention. As more consumers employ this form of short-term financing, concerns are surfacing about debt risk and the need for stronger consumer protections — a dual narrative of opportunity and scrutiny in a financially challenging climate.
The economic pain of high interest rates and high inflation are driving consumers to explore alternatives to traditional credit solutions. Enter BNPL. An unexpected financial haven for consumers in the U.S. and the U.K., BNPL is evolving beyond a mere payment alternative to become a crucial yet practical solution for helping to manage personal finances.
Younger U.S. consumers spanning multiple income brackets are increasingly embracing BNPL, utilizing it not only for casual spending but also for better managing their financial lives — signaling a notable departure from traditional financial behavior.
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About
Sezzle is a payments company on a mission to financially empower the next generation. Sezzle’s payment platform increases purchasing power for millions of consumers by offering interest-free installment plans at online stores and in-store locations. When consumers apply, approval is instant, and their credit scores are not impacted unless the consumer elects to opt in to Sezzle’s credit-building feature, Sezzle Up. This increase in purchasing power for consumers leads to increased sales and basket sizes for the more than 41,000 active merchants that offer Sezzle.
As the only B Corp in FinTech, Sezzle proves that all industries — even payments — can do their part to provide solutions and make a positive impact today and into the future. For more information visit Sezzle.com.
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