In the US, approximately one fifth of consumers use a form of BNPL, with a similar percentage in the UK. The reason behind this is that consumers are hungry for more ways to finance purchases. With this in mind, BNPL (Buy Now, Pay Later) has quickly become a global phenomenon, with more and more customers choosing to split payments into installments for a wide variety of goods and services. What started as a way for consumers to purchase mostly higher-end items (fashion, jewelry, shoes, home goods) has become more and more popular and has even evolved into a payment option for lower-end goods, too. The reason behind this is that consumers are hungry for more ways to finance purchases. With this in mind, here are some of the benefits of joining the BNPL movement.