BNPL

BNPL
November BNPL Spending Set to Soar to Record $9.3 Billion
November 22, 2023

Buy now, pay later (BNPL) continues to grow in the payment space, and its impact on consumer finances is even more important. Not only are consumers using the method more to pay for goods, but it is becoming a financial solution for those navigating high...

BNPL
Sezzle Partnerships Bring BNPL to Platforms and Sporting Goods Retailer
November 16, 2023

Sezzle has entered into partnerships to bring its buy now, pay later (BNPL) services to a sporting goods retailer and to hundreds of Software-as-a-Service (SaaS) platforms. One new partnership is with Sportsman’s Warehouse, a retailer offering outdoor and hunting gear online and in-store, Sezzle said...

BNPL
Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
November 01, 2023

Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made Tabby the first FinTech unicorn in the region, the firm said in a Wednesday (Nov....

BNPL
UK BNPL Use Jumps 10% Amid Cost-of-Living Crisis
October 31, 2023

England’s cost-of-living crisis has fueled a surge in buy now, pay later (BNPL) use. New research by the country’s Financial Conduct Authority (FCA) shows a 10% increase in use of the installment payment plan, the watchdog announced Tuesday (Oct. 31). With that in mind, the FCA says it has...

BNPL
Klarna Union Employees Could Go on Strike Next Month
October 26, 2023

Swedish payments firm Klarna is facing a possible strike by employees in its home country. The Unionen and Swedish Engineering unions announced Thursday (Oct. 26) that the strike will commence on Nov. 7 if a collective bargaining accord is not reached. Negotiations have been underway since March, with both...

BNPL
Buy Now, Pay Later Is Having Its Kleenex Moment
October 23, 2023

Kimberly Clark introduced Kleenex in 1924 as a product used by movie stars instead of face cloths to remove their makeup and keep their skin soft. The key selling point was that the tissues could be discarded after each use, saving women lots of laundry...

BNPL
Vacation Expenses Add to Consumers’ Financial Stress as Holidays Approach
October 20, 2023

As the holiday season and festivities draw near, consumers, particularly those living paycheck to paycheck, are bracing themselves for the added financial stress that accompanies this time of year. As noted in “New Reality Check: The Paycheck-to-Paycheck Report — The Seasonal Financial Distress Deep Dive...

BNPL
Marqeta and Scalapay Team to Expand Europe’s BNPL Use
October 17, 2023

Card issuer Marqeta has teamed with Scalapay to expand buy now, pay later use in Europe. The collaboration, announced Tuesday (Oct. 17), will see Marqeta work with Scalapay — a buy now, pay later (BNPL) firm operating throughout Europe — to issue virtual cards for online and in-person transactions. Marqeta notes...

BNPL
BNPL May Help Consumers Avoid Trading Down, Trading Off on Everyday Essentials
October 03, 2023

Buy now, pay later (BNPL) may be the payment “lifeline” that keeps consumers from trading down on everyday essentials — and may in fact them help them get the goods in the first place. Earnings season has not even begun in earnest, but the commentary...