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.

ORCID iDs

Cornelli, Giulio, Gambacorta, Leonardo and Pancotto, Livia ORCID logoORCID: https://orcid.org/0000-0001-9247-3662;
CORE (COnnecting REpositories)