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A sideways look at economics

Who wins in a Buy Now, Pay Later world?

13 June 2025|

Buy now, pay later (BNPL) credit has exploded in popularity since the pandemic. With its tempting zero-percent interest rates offered to anyone who can pass a ‘soft’ credit check, it is not hard to see the appeal. Sure, it can make sense to spread medium-size, infrequent purchases into several payments to ease the liquidity constraints of a monthly paycheck. But with BNPL payment now available on food delivery services such as Uber Eats, has it gone too far?

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Fathom: In Conversation is our economics podcast.

Fathom’s ten-part podcast series, The rise of China, is essential listening for anyone who wants to understand more about the Middle Kingdom. Each short episode features conversations with Fathom’s economists who share unique insights from their research to tell a well-rounded story of China’s past, present and potential future.