BNPL : PayPal Launches New Buy Now Pay Later Offering for Canadian Consumers

Core Insights - PayPal has launched "PayPal Pay in 4," an interest-free, no-fee buy now, pay later (BNPL) solution for Canadian consumers, available in time for the festive shopping season [1][2] - The service allows Canadians to split eligible purchases from $30 to $1,500 into four equal, interest-free payments over six weeks, enhancing flexibility at checkout [2] - PayPal's 2025 Festive Spending survey indicates a strong consumer interest in BNPL, with 60% of respondents who haven't used it expressing willingness to try it if there are no fees [2][3] Consumer Behavior - 74% of Canadians set a budget for holiday shopping, and 72% plan their shopping in advance to control spending [3] - 51% of Canadians plan to spend the same as last year, while 14% intend to spend more [3] - Categories where Canadians would consider using BNPL include appliances (31%), home décor/furniture (30%), and electronics (26%) [3] Business Impact - Businesses offering PayPal's BNPL solutions experience increased conversion rates and higher sales, which are critical during peak holiday seasons [2] - The global approval rate for PayPal BNPL is 90%, and it boosts order value by 80% [2] - PayPal's partnership with Cadillac Fairview aims to enhance the holiday shopping experience, providing consumers with flexible payment options [2]