Merchants affiliated with acquirers offering installment plans are interested in their potential to boost sales, as consumers may make larger purchases if they can spread out the payments over time. Although 56% of acquirers claim they facilitate general-purpose credit card installment plans before or during...
First comes the holiday spending. Then comes the holiday spending hangover — the credit crunch that leaves consumers scrambling to meet, if they can, the newly accumulated repayment obligations. The situation might be a dire one, as individuals find they’ve stretched themselves with the spirit...
Buy now, pay later (BNPL) provider Affirm has expanded its long-standing partnership with Walmart. With this expansion, Affirm pay-over-time options will be added to self-checkout kiosks at more than 4,500 Walmart stores in the U.S., the company announced Tuesday (Dec. 19). “Recent Affirm research revealed that more than half of...
More subscription merchants are offering buy now, pay later (BNPL) options to attract budget-constrained consumers, PYMNTS Intelligence finds, with the share increasing by the month. By the Numbers The PYMNTS Intelligence study “The Replenish Economy: A Household Supply Deep Dive,” created in collaboration with sticky.io,...
FedFinancial Federal Credit Union (FedFinancial FCU), which serves federal employees and their family members in Washington, D.C., and Baltimore, has launched a buy now, pay later (BNPL) solution for its members. To power this solution, which is called SpendFlex, the credit union has partnered with...
Airbnb continues the phased global rollout of its Pay Over Time with Klarna option, launching it in the United Kingdom. The online marketplace for lodging plans to offer this alternative payment method across three continents by early 2024, the companies said in a Monday (Dec....
Affirm Holdings CEO Max Levchin says the buy now, pay later (BNPL) industry offers an alternative to high-interest credit cards. This model allows customers to make purchases and pay for them in interest-free installments, providing transparency and control over their finances, Levchin told Bloomberg in...
Buy now, pay later (BNPL) plans have been marked by higher delinquency rates even as growth and enthusiasm for those payments offerings have soared, the Bank for International Settlements (BIS) said on Monday (Dec. 4). “The rapid ascent of BNPL could be of concern to...
The holidays are in in full swing, and it can be hard to juggle financial responsibilities with the monetary demands of the season. However, with payment tools such as buy now, pay later, shoppers can have their cake and eat it (later). Here is PYMNTS’...
