Buy Now, Pay Later (BNPL)

Buy Now, Pay Later (BNPL) is a deferred digital payment option that requires an upfront payment of a percentage of the total purchase price and then allows the user to pay off the remainder of the bill in installments over a period of time. Some of the most popular BNPL payment providers include PayPal, Klarna, Afterpay, QuadPay, and Affirm. BNPL payment options are most commonly used in Europe, especially in Northern Europe, where they have gained popularity in 2019.