Buy Now Pay Later (BNPL) is booming

as evidenced by US BNPL vendor Affirm’s IPO. Priced for a market cap of between $5B to $10B, the entire BNPL industry has boomed during the pandemic. About a one minute read.

Comment: this ties in with the need of many people for immediate gratification, and the fact BNPL doesn’t require a full credit check — they only carry out a “soft” check, which confirms identity and address — is another attraction. Speaking personally, I don’t like debt and this business troubles me simply because the lack of a full credit check manes some people may get in over their heads — overall indebtedness isn’t evaluated. Affirm’s S-1 is interesting reading.