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.
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.
