Economics

742 readers

203 users here now

founded 2 years ago

DoorDash will let users buy now, pay later for fast food, a possible worrying sign for the economy (www.cnn.com)

submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]

13 comments fedilink hide all child comments

Summary

DoorDash is partnering with Buy Now, Pay Later service Klarna to let customers divide fast food purchases into interest-free installments or defer payments to align with paycheck schedules.

This expands BNPL services beyond their typical use for large purchases like furniture.

The partnership comes amid record BNPL usage ($18 billion during last holiday season) and as Americans face increasing debt levels, with serious delinquencies on auto loans and credit cards at 14-year highs.

Klarna plans to list on the NYSE soon, capitalizing on the BNPL market projected to exceed $160 billion in seven years.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 month ago

They can't afford food or they can't afford a taxi for their burrito?