In a time of extreme uncertainty and post-pandemic craze, many industries, businesses and services are in need of ways to remain flexible and relevant for their consumers.
Because of this, businesses and customers alike are finding comfort and preference in alternative forms of ecommerce, one of the most relevant being “buy now, pay later.” or BNPL.
What Is BNPL?
BNPL is a relatively new form of ecommerce that is an alternative to credit, debit, or cash that allows users to budget their money and make payments more freely. Services such as dental and veterinary care are some of the many industries that are utilizing this type of technology to ensure that their consumers have the most financial freedom and reliability when paying their bills.