{"id":16136,"date":"2021-06-28T12:30:43","date_gmt":"2021-06-28T12:30:43","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=16136"},"modified":"2021-06-28T12:30:43","modified_gmt":"2021-06-28T12:30:43","slug":"buy-now-pay-later-spending-expected-to-surge-to-usd-995-billion-in-2026","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/buy-now-pay-later-spending-expected-to-surge-to-usd-995-billion-in-2026\/","title":{"rendered":"Buy-Now-Pay-Later Spending Expected to Surge to USD 995 Billion in 2026"},"content":{"rendered":"<p>According to a recent report published by Juniper Research, payments sent through by-now-pay-later (BNPL) payment options is expected to jump dramatically over the next 5 years, reaching an estimated USD 995 billion in 2026 (as compared to an estimated an estimated USD 226 billion for 2021). The projected 274% increase is largely being driven by an increase in BNPL options in the United States (55% usage as compared to 37% usage in July 2020) as well as the adoption of BNPL options among two large age demographics (a 62% increase in usage among 18\u201324 year-olds and a 98% increase in usage among those older than 54).<\/p>\n<p>Regulators are keeping a close eye on the situation, with some considering bringing BNPL options under the control of financial regulators. For example, the U.K.\u2019s Financial Conduct Authority has proposed brining BNPL providers under its regulations, treating them as lenders rather than payment providers. Similar regulatory steps are also being considered in the U.S.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16136 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Internet Banking Rank 2020 report published'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/internet-banking-rank-2020-report-published\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/hand-with-card-laptop-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15533\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15533'>\n\t\t\t\tInternet Banking Rank 2020 report published\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='London retains title as top European city for FinTech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/london-retains-title-as-top-european-city-for-fintech\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/03\/london-retains-title-as-top-european-city-for-fintech-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-12512\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12512'>\n\t\t\t\tLondon retains title as top European city for FinTech\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Bison Trails Report Highlights Global Move Toward CBDCs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bison-trails-report-highlights-global-move-toward-cbdcs\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/05\/72e95237-2447-815a-3304-a4cff8d954891-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-16052\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16052'>\n\t\t\t\tBison Trails Report Highlights Global Move Toward CBDCs\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>According to a recent report published by Juniper Research, payments sent through by-now-pay-later (BNPL) payment options is expected to jump dramatically over the next 5 years, reaching an estimated USD 995 billion in 2026 (as compared to an estimated an estimated USD 226 billion for 2021). The projected 274% increase is largely being driven by &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"class_list":["post-16136","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-fintech","category-international-fintech","b_post_type-the-fintech-world"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16136"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16136\/revisions"}],"predecessor-version":[{"id":16137,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16136\/revisions\/16137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16122"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}