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What happens to a payment deferred? The question is becoming increasingly important for the US economy. “BNPL” (buy now, pay later) has turned into an important industry. More than 90 million Americans use the service, with such transactions making up around 7% of purchases around the Black Friday holidays.
This week on Everybody’s Business from Bloomberg Businessweek, we talk BNPL with columnist Amanda Mull. She goes over the business model and whether or not it’s a good deal for consumers. BNPL operates much ...
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