Impulse Buying and Financial Self-Efficacy of BNPL Users: Analysing the Role of Digital Financial Literacy (Trends in Finance and Economics)

Summary

• The cross-sectional survey study is consistent with an analytical sample of 273 observations.p.1
• The strongest correlation is between BNPL usage intensity and impulse buying (r = .566).p.7
• Impulse buying and financial self-efficacy are related at r = .398, and BNPL usage intensity and self-efficacy at r = .266.p.7
• The interaction of impulse buying and digital financial literacy is not significant (p .269), so no moderation is found.p.9
• Digital financial literacy is strongly associated with financial self-efficacy (r = .734).p.10

Key insights

1. Higher BNPL usage intensity is associated with higher impulse buying in the analysed sample.p.11
2. All three pairwise relationships among BNPL usage, impulse buying and self-efficacy are positive and significant at p < .001.p.7
3. The regression paths are consistent with a BNPL to impulse buying to self-efficacy pathway, but formal mediation is not verified because no bootstrap indirect effect is reported.p.8
4. Digital financial literacy does not significantly change the relationship between impulse buying and self-efficacy (interaction B = −.046, p = .269).p.10
5. Kumar, Salo and Bezawada (2024) report a 6.42% increase in online spending linked to BNPL, stronger for younger and lower-income customers.p.4
6. The study does not justify causal conclusions; it is an empirical relational analysis of a cross-sectional sample.p.11