Buy now, pay later : a cross-country analysis
Cornelli, Giulio and Gambacorta, Leonardo and Pancotto, Livia (2023) Buy now, pay later : a cross-country analysis. BIS Quarterly Review, December . pp. 61-75. ISSN 1683-013X (https://www.bis.org/publ/qtrpdf/r_qt2312e.htm)
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Abstract
Buy now, pay later (BNPL) schemes let consumers spread their spending over a number of interest-free instalments, which are typically unreported to credit bureaus. BNPL is growing strongly, especially in countries with strong e-commerce, higher inflation, inefficient banking systems and less stringent regulations. Used to a greater extent by young adults, who are typically heavily indebted and have low credit scores, BNPL schemes suffer higher delinquency rates than traditional consumer credit.
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Item type: Article ID code: 88223 Dates: DateEvent4 December 2023Published6 September 2023AcceptedSubjects: Social Sciences > Finance Department: Strathclyde Business School > Accounting and Finance Depositing user: Pure Administrator Date deposited: 19 Feb 2024 15:57 Last modified: 08 Apr 2024 15:15 URI: https://strathprints.strath.ac.uk/id/eprint/88223