Internet shopping has received an extra push over the past few years, with the pandemic forcing many consumers around the world to buy what they want online.
Traditionally, credit cards have been an essential tool when purchasing products on the internet, but an increasing number of shoppers are turning to an alternative payment method known as "buy now, pay later" (BNPL), which has been sweeping the fintech industry.
On the back of this booming e-commerce trend, BNPL businesses, especially those in the U.S. and Europe, are growing rapidly and drawing investors’ attention. In addition, they are increasingly seen as a threat to traditional credit card companies.
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