More consumers want to buy now, pay later

A wide variety of banking providers are helping retailers launch buy now, pay later programs as more Americans go online to make purchases. “Retailers are always looking for new and trusted ways to increase sales without taking on additional risk or costs,” says Doug Bland, senior vice president of global credit at PayPal. “The COVID-19 pandemic has accelerated the challenges they face, especially as we head into the holiday season. Similarly, consumers are looking for more flexible and versatile ways to pay, especially online.”