Comment on Record amount of buy now, pay later purchases expected on Cyber Monday, with many coming from shoppers' phones

Record amount of buy now, pay later purchases expected on Cyber Monday, with many coming from shoppers' phones

Buy now pay later sales are expected to break a record on Cyber Monday.Business Wire/AP ImagesThanksgiving online spending hit $6.1 billion, driven in part by mobile device purchases.More shoppers are using buy now, pay later, with $993 million in sales using the method expected Cyber Monday.About 80% of those purchases were made on a phone.This year, more shoppers than ever are using buy now, pay later options that let buyers pay for purchases in installments — and more often than not from their cell phones.

 

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