Buy now pay later

Buy now pay later technologies let shoppers split a purchase into instalments or defer payment at checkout, with the provider paying the merchant up front. Klarna Checkout, Afterpay, Clearpay, Affirm, Sezzle and Zip are common in English-speaking markets, Scalapay in southern Europe, Tamara in the Gulf region and KueskiPay in Mexico. The owners are online retailers, mostly in fashion, beauty, electronics and furniture, where instalments matter. This list is interesting for competing instalment providers, checkout platforms, e-commerce agencies, cart recovery tools and working capital lenders: a store offering instalments has consumer sales at a meaningful basket size and already pays a fee per order to lift conversion.