ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Newsbytes

Survey: More young people turning to buy now, pay later services

March 3, 2025
Reading Time: 1 min read
CFPB study: BNPL loans grew tenfold since 2019

The number of consumers using buy now, pay later services continued to grow in 2024, with much of that growth due to high usage among younger generations, according to a new survey by J.D. Power.

Nearly half of Generation Y and Z respondents said they used BNPL compared to just 21% of consumers from other generations. Also, for the first time in the survey’s history, more consumers from Gen Z said they use BNPL instead of credit cards.

Gen Y customers have the highest overall satisfaction with their BNPL lender among generational cohorts, with a satisfaction score of 627 on a 1,000-point score. Gen Y customers cite the convenience, cost, a recommendation from a family member and trust with the brand as reasons that helped them choose their BNPL lender.

Respondents also gave higher marks to card-based BNPL services, with the top three highest-rated brands in the survey being card-based solutions offered by legacy card issuers

Tags: Payments systemSurveys
ShareTweetPin

Related Posts

How to Talk About Your Bank’s Fintech Collaborations

The trust dividend

Technology
July 7, 2026

How regulatory and consumer expectations are shifting how partner banks compete for fintech deposits.

Senate Banking Committee advances bill to accelerate housing construction

ABA, associations: FHA minimum property requirements hurt access to affordable mortgages

Mortgage
July 6, 2026

The Federal Housing Administration should align its minimum property requirements with those used by Fannie Mae and Freddie Mac, which would streamline the FHA financing process and make it less expensive for lenders to produce – and consumers...

ABA-backed SAFE Banking Act re-introduced in Congress

ABA: SAFE Banking Act would reduce illicit finance risk

Commercial Lending
July 6, 2026

ABA noted that while nearly every state has legalized marijuana in some form, the uncertain legal landscape means state-licensed marijuana businesses frequently operate on a cash basis, outside the regulated banking system.

ABA DataBank: Services sector continues to expand

ABA DataBank: Services sector continues to expand with rebound in employment

Economy
July 6, 2026

For banks, continued growth in services and expansion in employment should support commercial and industrial lending, particularly among service-oriented small and midsize businesses.

Community banker: Overdraft rule will hurt those in need

Fed: Noncash payments continue to grow, credit cards more frequently used

Economy
July 3, 2026

The number of noncash payments more than tripled since 2000, with credit cards now outpacing debit cards in growth in use, according to initial findings from the Federal Reserve's triennial payments study.

ABA DataBank: 2026 Fourth of July cookout

ABA DataBank: 2026 Fourth of July cookout

Economy
July 3, 2026

As Americans prepare to celebrate the Fourth of July, the cost of a traditional cookout averages $73.82 for 10 people in 2026, up $2.90 (or 4%) from last year and broadly in line with inflation.

NEWSBYTES

ABA, associations: FHA minimum property requirements hurt access to affordable mortgages

July 6, 2026

ABA: SAFE Banking Act would reduce illicit finance risk

July 6, 2026

ABA DataBank: Services sector continues to expand with rebound in employment

July 6, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026

PODCASTS

Podcast: Financing America’s independence

June 29, 2026

Podcast: Talent and innovation in community banking

June 18, 2026

Podcast: Understanding bank regulators’ guidance on illegal immigration

June 11, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.