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More Canadians Using ‘Pay Later’ Option as Grocery Prices Rise, App Says

KOHO said average grocery spending rose 5% to $275 a month as Pay Later adoption jumped 109% and discount-store trips increased.

Summary by CTV News
A growing number of Canadians are using repayment plans as their grocery bills rise, according to a new report from a financial services app.

7 Articles

Between May 2025 and May 2026, the percentage of Canadians using KOHO's "buy now, pay later" service to pay for groceries rose from 0.82% to 1.71%, an increase of 109% year-over-year. (Shutterstock)

·New York, United States
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Bias Distribution

  • 67% of the sources are Center
67% Center

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The Globe & Mail broke the news in Canada on Tuesday, July 7, 2026.
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