51% of BNPL Users Use It Because They Have To

The next stage of Pay Later may look less like a single checkout button and more like a credit menu built for different kinds of buyers. That is one of the clearest signals from “ Pay Later Revolution: Redefining the Credit Economy ,” a PYMNTS Intelligence Framework Series report on how credit cards, BNPL providers, banks, merchants and payment networks are reshaping installment lending. The report finds that Pay Later has moved well beyond its early “Pay in 4” identity.