How Buy Now, Pay Later is being targeted by fraudsters
Consumers are increasingly utilising Buy Now Pay Later (BNPL) payment options to make online purchases. Indeed, several e-commerce companies reported huge uptakes in sales, via BNPL, over the festive period, most notably around 2021’s Black Friday and Cyber Monday retail peaks. PayPal reported an increase of nearly 400% of consumers using its new BNPL payment option, and Klarna reported a 141% increase in US sales over the period, compared to Black Friday 2020. As a … More
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