PayPal Claims BNPL Volumes Surge 400 Percent on Black Friday

PayPal Claims BNPL Volumes Surge 400 Percent on Black Friday
The PayPal logo is seen at an office building in Berlin, Germany, on March 5, 2019. Fabrizio Bensch/Reuters
Benzinga
Updated:

PayPal Holdings Inc. volumes on the “buy now, pay later” (BNPL) platform skyrocketed five times higher this Black Friday compared with a year earlier as the payments giant started to gain traction, Reuters reports.

Black Friday is the unofficial shopping holiday in late November on the day after the Thanksgiving holiday. PayPal launched its “Buy in 4” platform in August 2020.