HomeEconomyU.S. BNPL consumer debt to hit $15 billion by 2025 - study Economy U.S. BNPL consumer debt to hit $15 billion by 2025 – study By farahat September 15, 2022 0 119 views Share FacebookTwitterPinterestWhatsApp PYPL -1.% Add to Watchlist/Remove from Watchlist Add to watchlist Add Location Job added successfully: Please name your investment Combination type: purchase Sell date: quantity: price point value: Leverage: 1:1 1: 1: 1: 1: 11 1: 19 1: 39 1: 19 1 : 80 Committee: 2021 2022 create new Watchlist creation of 500 400 create a new Holding Portfolio Add Create 956170 + Add another position to close Author: Manya Saini (Reuters) – U.S. Buy Now Pay As You Go (BNPL) Customers’ Outstanding Debt Estimated to Hit $ Billion , management consulting firm cg Report said Thursday. in COVID-, the industry got a huge boost during pandemic as stay-at-home consumers opt for online shopping, a trend urging digital payment giants such as Block Inc and 1000 PayPal Holdings Inc. (NASDAQ: PYPL ) in the department. However, the current uncertainty about the macroeconomic outlook due to geopolitical turmoil, rapidly rising interest rates and overheating inflation has hit the once-high sector. After an excellent After that, the valuations of some of the biggest players in the space plummeted this year . Shares of Affirm Holdings Inc plummeted %, while Swedish competitor Klarna lowered its valuation % from $ to $6.7 billion last year billion. but the US BNPL customer base is expected to grow 000% Of between400 and 46,research shows. about46 % above 2, Those surveyed said the BNPL model allowed them to buy items they would not otherwise be able to buy, while 11% said they were “regularly” penalized for non-payment Pay late fees. “The user also deposited BNPL money into a credit card, creating a very horrific double whammy effect, fired People will take a double hit, says Hugh Tallents, senior partner and head of financial services at cg 10. “BNPL now operates outside the traditional credit system. People don’t think of it as debt, and they can’t track how much they hold in total. ” The BNPL industry remains popular among young consumers, many of whom are struggling to save and achieve Their financial goals, and are largely unregulated in the U.S., one of the industry’s largest markets. 80 Share FacebookTwitterPinterestWhatsApp Previous articleArgentina hikes rates by 550 bps after inflation overshootsNext articleFedEx flags hit from economic slowdown, shares tumble 15% farahat RELATED ARTICLES Economy Oil price spike does not change ECB’s view on inflation-Villeroy September 23, 2023 Economy Yields slip, stocks slide as Fed officials warn of higher rates September 23, 2023 Economy Global housing market sees reduced bubble risk, with Zurich and Tokyo exceptions September 23, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Yankees vs. D-backs postponed Saturday; makeup game TBD September 23, 2023 Why October Is An Important Month For The Crypto Industry As Key SEC Decisions Loom September 23, 2023 Ethereum Network Fees Hit 2023 Low: What It Could Mean For ETH Price September 23, 2023 iPhone 15 series shatters sales records in China September 23, 2023 Load more Featured NEWS Cardano Getting back to $1? Unlikely, Here’s a Few Alternatives August 24, 2022 Celo Considers Transitioning To Ethereum Layer-2 With Polygon Chain September 22, 2023 Impressive cast list for new Bleach season has influenced other anime series September 12, 2022 Hermes wins US lawsuit to permanently ban 'MetaBirkin' NFT sales June 24, 2023 Load more
