“Buy now, pay later” companies promised a credit revolution that would change the way people pay for things. Rising crime and a slowing economy are tarnishing that outlook.
Payment plans that allow buyers to split the cost of things like clothing, makeup, and home appliances Were all the rage last year, The companies behind the plans saw their valuations increase. Scores of retailers rushed to add them to the checkout. Block Inc. (formerly Square Inc.) in August Nearly $29 billion all-stock deal announced for AfterpayOne of the largest companies in the business.