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Finance & Banking vocabulary · Fintech & Digital Banking

Buy now, pay later

Meaning in finance & banking, with examples

phraseCommon term

In finance & banking, buy now, pay later means: A form of short-term credit that lets shoppers split a purchase into a few payments, often without interest, usually offered at online checkout.

In Turkish: şimdi al sonra öde, alışveriş kredisi

How it is used

Usually shortened to BNPL. Used in fintech, retail and regulation. Shoppers choose BNPL at checkout; providers earn mainly from merchant fees and late fees. Regulators in several countries have moved to bring BNPL under consumer credit rules.

Example sentences

  1. Buy now, pay later options increased the average basket size in our online store.

  2. Many young shoppers use buy now, pay later services instead of a credit card.

Common collocations

  • buy now, pay later provider
  • BNPL loan
  • BNPL at checkout
  • BNPL regulation
  • installmentOne of a series of regular payments used to repay a loan or to pay for something bought on credit.
  • fintechShort for financial technology: technology that improves or automates financial services, and the companies that build such products.
  • credit cardA plastic or digital card that lets you buy now and pay the bank later. You can spend up to a limit and pay interest if you do not repay the full amount on time.
  • merchantA business that accepts card or digital payments from customers for goods or services, such as a shop, restaurant or online store.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Fintech & Digital Banking

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This page explains English vocabulary for learners. It is not financial advice.