DoorDash will let users buy now, pay later for fast food, a possible worrying sign for the economy | CNN Business
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Buy Now, Pay Later services are typically used on large purchases, like furniture. But now one service is branching out into fast food.

Summary

DoorDash is partnering with Buy Now, Pay Later service Klarna to let customers divide fast food purchases into interest-free installments or defer payments to align with paycheck schedules.

This expands BNPL services beyond their typical use for large purchases like furniture.

The partnership comes amid record BNPL usage ($18 billion during last holiday season) and as Americans face increasing debt levels, with serious delinquencies on auto loans and credit cards at 14-year highs.

Klarna plans to list on the NYSE soon, capitalizing on the BNPL market projected to exceed $160 billion in seven years.

  • JackbyDevEnglish
    3·
    3 days ago

    I think this is for things like large parties. Like using it as a catering service.