The buy-now-pay-later (BNPL) market is expected to grow by a third every year for the next three years, according to GlobalData research. While much of this growth is tied to increased online shopping volumes, there is growing awareness of the value of BNPL in the business-to-business (B2B) space.
The economic conditions that have created challenges for a number of business-to-consumer (B2C) service providers could be a benefit for those focused on corporate applications.
B2B BNPL, like any other form of financing, has seen an increase in its funding costs.
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