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Travel is an increasingly desirable pastime. But while zipping around the world is exciting, managing travel expenses can be challenging. Offering customers buy now, pay later (BNPL) payment options helps them break up travel expenses into convenient installments, increasing their travel opportunities and expanding their horizons.
Providing and choosing BNPL solutions at checkout is rapidly rising in popularity for both businesses and customers. A Juniper Research study predicts that the total BNPL transaction value is on track to increase 105% to $687 billion by 2028.1
While customers appreciate the flexibility and additional purchasing power of BNPL when making travel-related purchases, the benefits of BNPL are also compelling for businesses. Offering BNPL travel options can help you grow revenue and develop a loyal customer base.
Global data shows that:
Businesses that use PayPal Pay Later benefit from access to a global network of active, high-value shoppers. With 438 million active accounts globally, PayPal processed 26.3 billion transactions totaling $1.68 trillion in 2024.5
PayPal also makes it simple for businesses to offer BNPL, with a single integration. Your customers appreciate the convenience of being able to pay using their established account from a recognized, flexible, and trusted provider. And you get paid upfront while PayPal takes care of billing and collection.
Read the ebook to learn more about how PayPal’s BNPL* options can help your business grow.