Read now, understand now. It’s not an app but the Provider Ranking of Buy Now Pay Later Apps, where many players have settled into a groove. We love writing about this group of groundbreaking POS lenders, but when they don’t move much in the rankings, it...
BNPL users have relatively few financial safety nets in place should they run into difficulties managing their obligations. That’s an if and not a when, but borrowers are more financially stretched than non-buy now pay later (BNPL) users. A new report from the Consumer Financial...
Data demonstrates that any rumors of the installment plan’s demise may have been greatly exaggerated. By most accounts, buy now, pay later (BNPL) and similar installment plans are having their heyday. Consumers across income and age demographics have embraced the option as one alternative to...
Sezzle is looking to drive revenues after ending a challenging 2022 on a high note. The buy now, pay later (BNPL) provider released quarterly earnings figures Tuesday (Feb. 28) that show the company’s income jumping 16.2% to a record $38.3 million. And as it heads...
Payments company Klarna has debuted a program to reduce missing payments among its U.K. borrowers. The Swedish buy now, pay later (BNPL) provider announced recently it has historically not charged a late fee in the U.K., despite doing so in other countries. Now, that’s about...
There have been speed bumps for buy now, pay later. PYMNTS’ own data shows that the opportunity is significant for BNPL providers: Research shows 2.8% of online retail purchases completed with buy now, pay later as of Q4. But BNPL’s presence within retail spending overall is still...
PayPal has lent its support to Australia’s planned buy now, pay later (BNPL) regulations. In a letter released Thursday (Feb. 16) as part of a government inquiry into the BNPL industry, the payments firm said it was in favor of a “tailored, proportionate and thoughtful regulatory framework” for...
The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by the HM Treasury, comes two years after the government announced its intention to tighten rules around the use of interest-free...
Apple’s push into financial services has been well-documented here at PYMNTS. Key among the tech giant’s efforts to cement an ecosystem that brings higher-margin services to the forefront has been the move to offer credit cards, digital wallets and its impending BNPL option, Apple Pay...
