Today in data, PayPal reports a surge in buy now, pay later (BNPL) volume, coming at a time when the BNPL industry is projected to reach $3.3 trillion by 2030.
Data
125B: Amount in dollars that the BNPL industry is worth now
3.6B: PayPal’s BNPL volume in dollars for the first quarter of this year
18M: Number of PayPal customers opting to use BNPL
56: Percentage of shoppers at luxury stores interested in paying for online purchases in installments
32: Percentage of customers who would choose BNPL over store cards for purchases exceeding $1,000
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