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The rise of buy now, pay later | Learn the English expression ‘think twice’
Plain English
By Now Pay Later Is Getting Popular in the United States
Over 53 million americans don't have a credit score, so they can't even get a credit card. Walmart realized that many of its customers wanted to pay for their items over time, but they didn't qualify for credit cards. So walmart partnered with a firm, a start up, to let shoppers pay in instalments. And it worked. Suddenly, other stores, especially on line stores, realized that if this was working for walmart, it could work for them too. While it started by catering to consumers who couldn't get credit, the idea has gone main stream now.
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