Buy now, pay later (BNPL) plans are quickly changing how consumers today pay for products and services. About 20% of U.S. consumers are currently using BNPL, according to Banking On Buy Now, Pay Later, a PYMNTS and Amount collaboration that surveyed 2,237 U.S. consumers. Get...
Square is debuting a BNPL product with Afterpay after its buy of the latter company, a press release says. The product will give BNPL functionality to sellers, making use of Square Online for eCommerce customers in the U.S. and Australia. This will allow Square sellers...
When general-purpose credit cards were introduced in the late 50s and early 60s, they were advertised as a way for consumers to buy something they wanted or needed but didn’t have the funds on hand to pay for in full at that moment. Payment flexibility...
Sezzle reported in its fourth quarter earnings that it had seen a 76% increase in active merchants year over year. There were 47,000 merchants now making use of the BNPL platform. In addition, active consumers also grew by 51.5% year over year. The report from...
PayPal is launching an extension to its Pay Later option in Germany with its Payment After 30 Days service that enables users to pay for purchases up to 1,000 euros ($1115) in 30 days without incurring any additional costs, according to a press release on...
Installments loans we know as buy now, pay later (BNPL) have broad appeal, and months of research into how different types of consumers use BNPL services is revealing unique patterns. Uptake by consumers living paycheck to paycheck is understandably strong, while increasing usage of BNPL...
Experian is launching The Buy Now Pay Later Bureau this spring, which the Irish credit data company calls a “first-of-its kind” operation designed to protect consumer credit scores from and drive more inclusive and responsible lending. The announcement, published Wednesday (Jan. 26) on the Experian...
Buy now, pay later (BNPL) firm Afterpay has formed partnerships with Nordstrom, Calvin Klein and Tommy Hilfiger, with Nordstom already offering Afterpay’s service online and in-store. “We are constantly evolving to enhance the customer experience both in-store and online at Nordstrom and Nordstrom Rack,” Dennis...
The only sureties in life, it is said, are death and taxes. We can add higher interest rates to the list. As stocks gyrate wildly on Wall Street, the Federal Reserve is poised to raise rates “soon” (possibly as soon as its next meeting in...
