BNPL

BNPL
Affirm and Shopify Expand Pay-Later Pact to Canada and UK
February 20, 2025

Buy now, pay later (BNPL) network Affirm has expanded its partnership with eCommerce infrastructure company Shopify. The renewed agreement, announced Thursday (Feb. 20), makes Affirm the exclusive pay-over-time provider for Shopify’s Shop Pay Installments program in the U.S. and Shopify’s home country of Canada, with...

BNPL
J.P. Morgan Payments Forms BNPL Deal With Klarna
February 11, 2025

J.P. Morgan Payments is expanding its buy now, pay later (BNPL) offerings in partnership with Klarna. The collaboration lets roughly 900,000 businesses offer Klarna’s installment payment options to customers, Bloomberg News reported Tuesday (Feb. 11). It also means that Klarna, preparing to go public in...

BNPL
FICO Announces Plan to Add BNPL to Credit Score Calculations
February 04, 2025

Following a joint study with buy now, pay later (BNPL) firm Affirm, FICO has said that it is planning to add BNPL data to its credit score analysis. The analytics firm said in a Tuesday (Feb. 4) news release that over the course of a...

BNPL
Dutch Government Wants to Halt BNPL Rollout in Brick-and-Mortar Stores
January 22, 2025

The Dutch government reportedly wants to stop the rollout of buy now, pay later (BNPL) in the country’s brick-and-mortar retail stores. Finance Minister Eelco Heinen said in a letter to parliament that the payment method poses financial risks to consumers, Reuters reported Wednesday (Jan. 22). While...

BNPL
UK BNPL Volumes Jump Nearly 20% Amid Increased Scrutiny
January 16, 2025

British consumers are increasingly embracing buy now, pay later (BNPL) plans amid increasing government scrutiny. Activity in the sector climbed to around $27 billion in 2024 last year, an almost 20% increase, Bloomberg News reported Thursday (Jan. 16), citing figures from GlobalData. It’s a boom being...

BNPL
CFPB Data Confirms BNPL’s Positive Impact on Credit-Constrained Consumers
January 14, 2025

The appeal of stretching out one’s cash flow — making payments over time rather than all at once, and pressuring bank accounts or boosting interest-bearing debt levels — has long been a highlight of PYMNTS’ continuing reports on buy now, pay (BNPL) later plans.  Through...

BNPL
Klarna Reportedly Eyes BNPL Loan Sale Ahead of IPO
January 14, 2025

Klarna is reportedly selling a portfolio of installment loans as it prepares to go public. The planned sale involves a portfolio of U.S. “Pay in 4” loans from the company’s buy now, pay later (BNPL) offering, the Financial Times (FT) reported Tuesday (Jan. 14), citing sources familiar with...

BNPL
CFPB Calls for Further Research Into BNPL’s Impact on Financial Health
January 13, 2025

The Consumer Financial Protection Bureau (CFPB) said there is a need for more research into buy now, pay later (BNPL) after finding that BNPL borrowers held higher balances on other credit lines. “The importance of BNPL in the credit profiles of BNPL borrowers underlines the need...

BNPL
Why Consumers Choose Pay Later Over Traditional Credit
January 03, 2025

Pay later plans are transforming how consumers manage their spending and how merchants engage with their customers. And there is a consistent theme: Adoption of installment options boosts consumer satisfaction and merchant sales. For consumers, pay later plans offer flexibility and financial relief. More than...