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Federal Reserve Bank of Richmond: "Buy Now, Pay Later: Recent Developments and Implications"
February 13, 2026
RICHMOND, Virginia, Feb. 13 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 26-05) in Feb. 2026 by Zhu Wang entitled "Buy Now, Pay Later: Recent Developments and Implications".

Here are the key takeaways:

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The total transaction value of "buy now, pay later" (BNPL) loans, measured in real terms, has grown roughly 20 percent per year since 2021, reaching an estimated $70 billion in 2025, or a . . .

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