The buy-now pay-later sector is booming with some of the major players in the market now expanding into the US.
Highlights
- While many customers are using it online, physical stores are also taking the service.
- It's an appealing use for many consumers who are cautious of debt in the current economic uncertainty.
- The platform allows customers to pay for their order in four equal payments every two weeks without interest.
It's been partly spurred on by nationwide lockdowns.
Pet shop owner, Aroop Banerjee says he's seen a 39 per cent increase in afterpay purchases at his store since October.
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