According to the findings of this month’s “Buy Now, Pay Later Tracker,” over half of the consumers are either more likely to choose retailers that offer it or switch to ones that do, which, according to Boundless CEO Xiao Wang, is proof that BNPL benefits businesses just as much as it benefits its customers.
The United States presents more challenges to recent immigrants and those seeking immigration than it does to most other groups, particularly when it comes to financing the resources they require to support their efforts.
In addition to the fact that they are more likely to be poorer than the average citizen by birth, these people also have to deal with the additional costs of navigating the complex immigration system for themselves or their family members.
“Being able to save up enough money to even start this process plays a significant role in the numerous barriers that prevent someone from starting to live their life in the United States. Offering “buy now, pay later” will help families overcome this obstacle.
Offering buys now, pay later (BNPL) has advantages for both the business using it and its clients. When customers can spread out the cost across several smaller installments, they are far more likely to make purchases in larger quantities, which increases the company’s income.
