With buy now, pay later (BNPL) expected to become a $3 trillion business by 2030, payments giant Visa is looking for ways to help banks and other financial institutions (FIs) make the most of a lucrative opportunity. In an interview with PYMNTS, Arvind Ronta, Visa’s...
The EU Council, one of the legislative bodies of the European Union, agreed on Thursday (June 9) on the revision of the consumer credit directive (CDD), paving the way for the interinstitutional negotiations that may start by the end of June. Ministers responsible for trade,...
Buy now, pay later’s (BNPL’s) disruption of the traditional credit market is not a surprise, as this digital payment method allows consumers to break up large purchases into installments without interest or fees — offering both credit access to those who might otherwise be denied...
Buy now, pay later (BNPL) has been around in some format for a very long time, but the current version hit the financial scene somewhere around 2014 or so when Klarna and Affirm scooped up millennials and Gen Z customers happy to skip interest and...
Buy now, pay later (BNPL) integration platform Optty has formed a partnership with payments provider Payoneer, Optty announced in a Wednesday (June 1) press release. The partnership is designed to meet what the firm calls a growing demand among B2B payment gateway and payment service...
Buy now, pay later (BNPL) platform Affirm is partnering with financial infrastructure firm Stripe to drive growth, making Affirm’s Adaptive Checkout™ available to Stripe users in the U.S. Affirm’s Adaptive Checkout tool uses the company’s smart decision engine to make a real-time underwriting decision and...
Buy now, pay later (BNPL) belongs to the young — especially online. PYMNTS data, gleaned over the last few months, across 2,500 respondents and across a broad range of demographics show that the greenfield opportunity for paying in installments, online and in-store, is a significant...
National Australia Bank (NAB) customers will now be able to preregister for the new buy now pay later (BNPL) service, as the bank tries to give Australians more financial flexibility, a press release said. This will allow customers to access up to $1,000, split purchases...
Buy now pay later (BNPL) pioneer and digital bank Klarna is shifting its focus from growth to short-term profits after net losses in 2021 hit approximately $689 million. While aiming to raise capital after cutting 10% of its workforce, Klarna CEO Sebastian Siemiatkowski told Financial...
