This edition of the PYMNTS’ Provider Rankings of Buy Now, Pay Later Apps is exciting because the top five apps have held their ground. Stay tuned next month to see how these top contenders fared. And until then, take a peek below to see how...
As consumers become increasingly accustomed to convenient and flexible payment options, buy now, pay later (BNPL) as a payment method has gained significant popularity both among consumers who can spread retail purchases in several installments and merchants looking to prevent cart abandonment and sustain sales....
Zip has teamed with Primer to further tap into the U.S. buy now, pay later (BNPL) market. “With an $11 trillion total addressable market in the U.S., BNPL services account for a mere 2% of all payments,” Zip Co-founder and U.S. CEO Larry Diamond said in a Monday (Sept....
Paying for purchases in installments is a classic concept in retail, with legacy offerings such as Christmas layaway plans helping consumers manage their spending for decades. Modern iterations, such as credit card installments and buy now, pay later (BNPL) plans, are for every season. Consumer...
The ability to pay over time is underpinning discretionary spending resilience. In recent weeks and months, joint research between PYMNTS and Sezzle has underscored the embrace of buy now, pay later (BNPL) at the point of checkout. In the report “The Credit Accessibility Series: BNPL’s Wide-Ranging Impact...
Traditional credit is more difficult to access and increasingly expensive to maintain as the Federal Reserve keeps raising rates, driving some consumers are seeking alternative ways to make purchases. As illustrated in the recent PYMNTS collaboration with Sezzle, “The Credit Economy: How Younger Consumers Make...
Hong Kong-based airline Cathay Pacific has chosen Affirm as its U.S. “pay-over-time” partner. The partnership, announced Thursday (July 27), lets the air carrier’s customers use Affirm’s buy now, pay later (BNPL) offering to purchase tickets and pay for them in installments. When selecting Affirm at checkout, Cathay Pacific customers can divide...
Australian buy now, pay later provider Zip says it is continuing to streamline its operations. And part of that streamlining apparently involves cutting 20% of the company’s staff, according to a Monday (July 3) Reuters report that cites local media accounts. “Following a recent review,...
PayPal is selling more than $43 billion worth of its European buy now, pay later (BNPL) loans. The payments company announced Tuesday (June 20) it was selling loans originated in France, Spain, Germany, the U.K. and Italy to investment firm KKR. According to a news...
