BNPL Spending Jumps 19% to Record $782M on Cyber Monday as Shoppers Seek to Avoid Credit Card Fees
• Record $782 million expected to be spent using BNPL services like Klarna and Affirm on Cyber Monday, up 19% • BNPL usage surging as budget-conscious shoppers try to avoid credit card fees and interest • Klarna saw 29% increase in BNPL orders on Black Friday; popular items were electronics, TVs, appliances • Affirm stock jumped 11% after positive BNPL spending data released • Average BNPL order values declined 32% suggesting shoppers making smaller purchases