Klarna has launched a new web page that shares data on its buy now, pay later (BNPL) offerings, including their repayment rates, late fee rates and consumer age demographics. This new Wikipink page aims to encourage transparency in the credit industry and drive dialogue on personal finance at...
The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can have the biggest impact. “Embedded finance solutions need to be embedded in the consumer’s flow...
For buy now, pay later (BNPL) applicants, PYMNTS Intelligence finds, interest rates are a key concern. By the Numbers The 2023 PYMNTS Intelligence report “The Credit Accessibility Series: BNPL’s Wide-Ranging Impact on Consumers and Merchants” drew on a survey of more than 3,100 consumers to...
While the vast majority of consumers are highly satisfied with their buy now, pay later (BNPL) experiences, PYMNTS Intelligence research finds that many Gen Z users believe that there is still room for improvement. By the Numbers For the report “Tracking the Digital Payments Takeover:...
Singapore’s ShopBack is cutting a quarter of its staff as it exits the BNPL space. CEO Henry Chan announced the cuts in a message to employees Tuesday (March 19), saying the layoffs — which will impact 195 workers, or 24% of staff — come after a sustained period of other...
NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering. This move comes less than two years after the British bank’s summer 2022 launch of the BNPL option, The Sun reported Thursday (March 7). A NatWest spokesperson told the...
The booming popularity of buy now, pay later (BNPL) is being reinforced by news Tuesday (Feb. 27) that Klarna — a buy now, pay later powerhouse once regarded as a leading European FinTech — may go public via a possible $20 billion initial public offering (IPO)...
Klarna’s annual report shows the Swedish FinTech’s revenues rising and losses narrowing during 2023. The report, released Wednesday (Feb. 28), comes as the buy now, pay later (BNPL) company is apparently on the verge of an initial public offering (IPO). In a message included in the report,...
British buy now, pay later (BNPL) firm Zilch has launched a new credit payment product. The company says its “Pay over 3 months” product, announced Thursday (Sept. 22), does what its name implies, letting customers stretch interest-free repayments for larger purchases over three months. “Today’s product...
