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Is Pay Later The Way To Go?

Debt future

How different countries look at debt, as outlined by Statista:

While short- and long-term credit dealings are as old as human civilization and credit cards as we know them have been around since the 1950s, fintech firms offering a “buy now, pay later” option for almost every imaginable online purchase is comparably new. With the announcement of a strategic partnership between payment provider Stripe and Europe’s highest valued private fintech company Klarna, this type of service is bound to reach even more customers. As our chart shows, at least two of the world’s biggest markets are still hesitant when it comes to the adoption of this payment model.