Expansion of Payment Options
and announced a partnership to offer Buy Now, Pay Later () options for DoorDash users, allowing payments in installments or deferred until a chosen date.
This service aims to enhance convenience for customers, especially appealing to younger, cash-strapped consumers seeking to stretch their paychecks.
Financial and Regulatory Considerations
Critics argue that BNPL services like Klarna contribute to consumers accumulating debt, with concerns over transparency and regulatory oversight.
The (CFPB) has classified BNPL apps similarly to credit cards, imposing regulations to protect consumers, amid rising debt levels and delinquency rates.