Buy now, pay later (BNPL) company Sezzle wants to make it easier for college students. The company on Tuesday (Dec. 20) launched a partnership with the Independent College Bookstore Association (ICBA), a support group for college stores. “Today’s generation of college students is drowning in...
BNPL’s appeal for merchants lies in increasing basket size amid a pressured macro environment. Mastercard’s Chiro Aikat told Karen Webster that BNPL’s momentum has been underscored by SoFi’s rollout, announced earlier this month, of its BNPL product. SoFi is the first bank to launch within the...
Galileo Financial Technologies has unveiled a buy now, pay later solution for banks and FinTechs. The new tool lets financial institution enter the buy now, pay later (BNPL) market and provide more spending power to customers at a time when the industry is posed to...
To help keep vehicles rolling, BNPL firms offering auto repair financing are on the rise. As proof that the concept has wheels, U.K.-based buy now, pay later (BNPL) firm Bumper recently raised 26.1 million pounds in a Series A extension round to help fund the...
The FinTech Sunbit is looking to grow after receiving a $250 million investment. The $250 million debt facility comes as consumers are increasingly turning to new payment options such as buy now, pay later (BNPL). “Today it is clearer than ever that Americans require access...
Installment payments firm Splitit is expanding its relationship with the Google Store to new markets. Splitit and Google first teamed up last year to bring Splitit’s buy now, pay later (BNPL) offering to Google Store customers in Japan. Under the new agreement, Splitit will extend...
U.K.-based BNPL firm Zilch is reportedly laying off staff as it looks to cut costs. The Zilch layoffs, first reported in the Evening Standard on Saturday (Nov. 26), are said to amount to over 10% of its workforce. Some buy now pay later firm layoffs...
With consumers increasingly turning to installment payments for their holiday shopping, financial services firm Bread Financial has made its buy now, pay later (BNPL) offering available for Versatile Credit merchants and their customers. “For the first time, these customers will now have access to BNPL...
Buy now, pay later (BNPL) has taken the retail world by storm, thanks in large part to its impressive array of benefits for merchants and enhanced customer experiences. PYMNTS research found that in 2021, 13.5% of consumers used BNPL services within the prior year, and another 44.7% know that...
