Canadians relying on “buy now, pay later” plans for groceries up 109 per cent

Koho Financial said its “Pay Later” option saw a massive surge in growth, going from 0.82 per cent of users in May 2025 to 1.71 per cent last month.

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More and more Canadians are opting for “buy now, pay later” plans for basic things such as groceries and other household items, according to a new report from Koho Financial Inc.

The Toronto-based fintech said that its “pay later” adoption has more than doubled from last year, up 109 per cent as Canadians struggle with the cost of living crisis.