U.S. Buy Now Pay Later (BNPL) Market is Predicted to Reach USD 224.65 Billion by 2030

According to the study by Next Move Strategy Consulting, the U.S. Buy Now Pay Later (BNPL) Market size is predicted to reach USD 224.65 billion, at a CAGR of 20.5%  by 2030.

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The burgeoning buy now pay later (BNPL) market is being driven by the escalating prevalence of online shopping. As digital commerce progressively dominates consumer preferences, individuals are embracing the convenience of purchasing goods and services online.

Merchant adoption of buy now pay later (BNPL) services is a pivotal force propelling the expansion of the BNPL market. This trend involves integrating BNPL payment options into the offerings of an increasing number of retailers and e-commerce platforms.

The market players operating in the U.S. buy now pay later industry include Affirm Holdings, Inc., Atome, Block, Inc. (Square), Klarna Bank AB (PULP), Latitude, Openpay, PayPal Holdings, Inc., Sezzle, Scalapay, Zip Co Ltd. (Zip), and others.