NEW YORK—U.S. shoppers are expected to spend a record $18.5 billion using third-party buy now, pay later (BNPL) services for holiday purchases in the last quarter of the year, according to projections by data firm Adobe Analytics released on Wednesday.
With many Americans recently carrying more debt, spending on buy now, pay later services is set to increase by 11.4 percent over the holiday season a year ago, Adobe said.
