BNPL (Buy now, pay later)

BNPL is a type of short-term financing that allows customers to make purchases and pay for them in the future, often with no interest or fees if payments are made on time. BNPL services have become popular for online purchases, with analysts estimating that they will account for 12% of total global e-commerce spend on physical goods by 2025.

Overall, BNPL provides a convenient way for customers to manage their cash flow and make larger purchases without needing to pay the full amount upfront.