What influences demand for Buy Now, Pay Later credit?

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dc.citation.volume242
dc.contributor.authorChen T
dc.contributor.authorMarshall BR
dc.contributor.authorNguyen NH
dc.contributor.authorVisaltanachoti N
dc.date.accessioned2024-07-29T02:55:41Z
dc.date.available2024-07-29T02:55:41Z
dc.date.issued2024-09
dc.description.abstractWe investigate the determinants of demand for Buy Now, Pay Later (BNPL) credit using a comprehensive database from New Zealand. We consider both absolute demand and relative to total personal lending demand. The results indicate that BNPL is more popular with single individuals, younger people, and those on lower incomes. There is a negative relation between absolute and relative BNPL demand and interest rates. BNPL demand was reduced during the period around responsible lending legislation changes, even though these were not specifically related to BNPL, while demand increased following the end of COVID-19 lockdowns.
dc.description.confidentialfalse
dc.edition.editionSeptember 2024
dc.identifier.citationChen T, Marshall BR, Nguyen NH, Visaltanachoti N. (2024). What influences demand for Buy Now, Pay Later credit?. Economics Letters. 242.
dc.identifier.doi10.1016/j.econlet.2024.111857
dc.identifier.eissn1873-7374
dc.identifier.elements-typejournal-article
dc.identifier.issn0165-1765
dc.identifier.number111857
dc.identifier.piiS0165176524003410
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/71131
dc.languageEnglish
dc.publisherElsevier B V
dc.publisher.urihttps://www.sciencedirect.com/science/article/pii/S0165176524003410
dc.relation.isPartOfEconomics Letters
dc.rights(c) 2024 The Author/s
dc.rightsCC BY 4.0
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectBuy Now
dc.subjectPay Later
dc.subjectPersonal lending
dc.titleWhat influences demand for Buy Now, Pay Later credit?
dc.typeJournal article
pubs.elements-id490843
pubs.organisational-groupOther
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