As buy now, pay later (BNPL) options become more common around the world, the Land Down Under is leading the charge by a considerable margin. By the Numbers On Wednesday (June 26), PYMNTS Intelligence released this year’s edition of the “How the World Does Digital”...
Buy now, pay later (BNPL) firm Sezzle has expanded Payments Streaks, a program that rewards users for consistently making timely payments, to Canada, with the exception of Quebec. This move follows the successful launch of the program in the United States in May, the company...
The Reserve Bank of Australia (RBA) plans to review the issue of surcharging in the buy now, pay later (BNPL) sector. This review comes as the RBA aims to expand its regulatory powers and assess whether payment sector reforms are necessary, SmartCompany reported Wednesday (June...
The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. This time around, buy now, pay later (BNPL) firms are in the Bureau’s sights — but could it be a case...
Pay later plans break up the cost of purchases into smaller scheduled payments over time. These plans have gained popularity with consumers. However, PYMNTS Intelligence data reveals that some confusion on the part of merchants lingers as to which plans best meet the needs of...
For a sizable share of consumers, embedded lending options such as buy now, pay later (BNPL) would be their first choice of payment method at their preferred stores, PYMNTS Intelligence reveals. As such, those that do not offer the option risk alienating their shoppers. By...
Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on...
Payments platform Sezzle wants to reward users to stay on top of their bills. To that end, the company on Wednesday (May 1) announced the launch of Payment Streaks, a feature designed to let users of the company’s buy now, pay later (BNPL) offering rise through loyalty...
Klarna has partnered with luggage and travel accessories brand Away. With this collaboration, Klarna’s interest-free buy now, pay later (BNPL) options are available to Away’s customers in the United States, Canada and the United Kingdom, Klarna said in a Monday (April 29) post on LinkedIn. “At Klarna, we’re always looking...
