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Credit Card News Review: BNPL Leads To Record Online Holiday Spending; Musk’s X To Launch Payment Service – Forbes

Credit Card News Review: BNPL Leads To Record Online Holiday Spending; Musk’s X To Launch Payment Service – Forbes

Online Holiday Spending Reaches Record $222 Billion, Driven by Buy Now, Pay Later Options Consumers spent a whopping $222.1 billion online during the holiday season as usage of flexible spending options hit an all-time high, according to new data from Adobe. The figure, up 4.9% year over year, marks a new record for online shopping throughout the holiday season. Adobe noted that the boost in spending was driven in large part by such heavy reliance on “buy now, pay later” options, which allow consumers to pay in installments, often interest-free. The payment option accounted for $16.6 billion in online spending, up 14%… 

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