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Young people in Singapore buying into ‘buy now, pay later’ services: Payment processing firm
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Consumers younger than 35 are the majority of BNPL users, signalling a generational shift in credit preferences.
ST PHOTO: LUTHER LAU
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SINGAPORE – More than 70 per cent of Gen Z people in Singapore used “buy now, pay later” (BNPL) services in 2024, the highest percentage among all age groups, according to a 2024 report by payment processing firm Worldpay.
It was 47 per cent for millennials, 28 per cent for Gen X, and 13 per cent for baby boomers.
