The U.S. financial market is in high demand for the so-called “buy now, pay later” in the consumer financial services utility market.

“Buy now, pay later” applications allow the consumer to pay the value of his purchase after one month, and in several installments, without any interest or late fees.

According to Bloomberg News Agency, investors are increasingly interested in investing in service start-ups such as Sweden’s Clarna and Australia’s After Bay.

The giant American investment bank Goldman Sachs Group and electronic payment services company PayPal Holdings also joined the market because the bank and the company have concluded two acquisition agreements for companies working in the field, with nearly two billion dollars per contract.

Upcoming crises

Bloomberg said it would be too early to assess real credit risk in this type of technology-based company, but there were reasons for banks to anticipate worsening credit crises and tough times due to these new practices.

The Goldman Sachs Group announced last week that it had agreed to buy Green Sky, an American online financial services company, for about $ 2.24 billion, to be added to Marx Bank’s consumer banking site.

Goldman Sachs was one of the major banks involved in managing the initial public offering of Green Sky shares in 2018, when the price was $ 23 per share. Goldman is now buying shares at half the price of its initial offer.

Young people are in a hurry

It is noteworthy that in recent years, consumers, especially young people, have been rushing to use the “Buy Now, Pay Later” schemes offered by companies such as After Buy Limited and Affirm Holdings. Goldman Sachs is currently collaborating with electronics maker Apple on the “Buy Now, Pay Later” program.

Through its acquisition of Green Sky, U.S. Investment Bank joins a financial services technology company that works with more than 10,000 merchants to offer customers a variety of payment options.