PSCU has launched a solution that helps credit unions implement buy now, pay later (BNPL). The credit union service organization’s (CUSO’s) new Installment Payments solution allows some post-purchase credit card transactions to be converted into installment payments, PSCU said in a Thursday (April 27) press...
Celerant Technology has partnered with Sezzle to enable retailers to offer buy now, pay later (BNPL). With this collaboration, retailers can add the Sezzle Pay BNPL consumer financing solution to their Celerant eCommerce website, the companies said in a Tuesday (April 25) press release. Another...
Some consumers may try buying groceries with buy now, pay later (BNPL), but PYMNTS research shows it doesn’t stick. BNPL is increasingly becoming an option for food purchases. Major grocers are getting onboard, with Kroger offering Afterpay, Walmart accepting payments via Affirm, and leading third-party...
The buy now, pay later (BNPL) market has operated largely free of government oversight since its launch, following in the footsteps of many of its counterparts in the tech world. Much like ridesharing, streaming media subscriptions or short-term property rentals, the BNPL market surged while...
Regulators worldwide are bearing down on BNPL providers over concerns about overspending, debt accumulation, and privacy invasion. Omri Flicker, chief legal and risk officer at Splitit, says those who already play by existing rules aren’t losing any sleep.
At first glance, Apple’s announcement of its Pay Later program, starting with select users before expanding in the coming months, seems to make little sense. After all, the FinTech-led buy now, pay later (BNPL) space hasn’t been exactly an overall money-printing endeavor. The popular consumer...
Buy now, pay later (BNPL) payments have exploded in popularity in the past several years, now with more than 360 million users worldwide. While BNPL offers no interest on payments made by the due date, users who fail to make payments on time can face...
Even as consumers cut back on spending, much-needed vacations may not need to be sacrificed. As the weather warms in the Northern Hemisphere and the end of the school year draws near, many consumers are considering summer escapes. After all, 2023 so far has already...
At a time when investors are increasingly risk averse, it is important that buy now, pay later (BNPL) firms — and FinTechs more generally — reevaluate their business strategies. Investors are prioritizing present profits over rapid growth, so companies need to pivot toward a model...
