Paying With a QR Code – BNPL or Buy Now Pay Later

By | May 6, 2021

How To Pay With A QR Code (and pay later)

BNPL Paypal

BNPL Paypal

Nice writeup on PaymentDive on Paypal

Dive Brief:

  • PayPal, an online payment provider, expects the popularity of QR codes and buy now-pay later options to rise because the pandemic has changed consumers’ payment preferences.
  • Since PayPal’s launch of QR code payments for businesses last May, many merchants have adopted the low-cost contactless payment option. In Q1 2021, the company added a merchant to its QR code payment option every 28 seconds, PayPal CEO Dan Schulman said during the Q1 2021 earnings call.
  • The BNPL payment option is also gaining traction among PayPal users, attracting 3.3 million unique customers and 330,000 merchants in the U.S. and U.K. since its launch in August 2020.
Dive Insight:
Read writeup on PaymentDive