Americans taking out loans through buy now, pay later apps to purchase groceries

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Apps that allow users to buy now and pay later have surged in popularity in recent years, with more and more retailers supporting the option.

While the service remains most popular for big purchases, with the price of goods continuing to go up, many Americans are now opting to use it to purchase essentials.

According to the Daily Mail, one of the major players in the buy now, pay later (BNPL) game, Zip, reported a 95 percent rise in the purchase of groceries using their service in the US, with restaurant bills up 64 percent.

Among the retailers that support Zip are Costco, Doordash, Safeway, and Starbucks.

Users can pay for groceries or a pumpkin spice late with just 25 percent down, and the remaining 75 percent split into four payments over the following six weeks.

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