Get the latest tech news
DoorDash will let users buy now, pay later for fast food, a possible worrying sign for the economy
Buy Now, Pay Later services are typically used on large purchases, like furniture. But now one service is branching out into fast food.
DoorDash is partnering with Klarna, a financial company that lets customers schedule small payments over a set period of time, in a new partnership announced Thursday. For some retailers, the costs are worth it, according to research from RBC Capital Markets, which showed online BNPL offerings boosted average ticket sales by 30% to 50% and increase the share of customers who ultimately made a purchase. The Swedish fintech company reported last week a 24% surge in 2024 revenue, cashing in on the BNPL craze, which is projected to surpass $160 billion over the next seven years.
Or read this on r/technology
