“Buy now, pay later” (BNPL) options are very popular — when people know they exist, that is. In the April-May 2020 edition of the Buy Now, Pay Later Tracker®, done in collaboration with Afterpay, we discover that the draw of instant credit has greater potential...
Millennial and Gen Z stereotypes often revolve around being tied to smartphones or computer screens, but these consumers love the outdoors just as much as their parents’ and grandparents’ generations. One study found that individuals between the ages of 18 and 30 performed more than...
Durable workwear is essential for EMTs, firefighters and many other frontline professionals, but the COVID-19 pandemic and the ensuing economic downturn means many of these workers are unable to afford it when it’s needed most. For this month’s Buy Now Pay Later Tracker, PYMNTS spoke...
Buy now, pay later (BNPL) solutions are well on their way to challenging credit cards as younger consumers’ deferred payment method of choice. Millennials carry two fewer credit cards than their Generation X counterparts, for example, and are the single-largest demographic group using BNPL solutions....
Afterpay’s third-quarter results show that its buy now, pay later (BNPL) online payment method continues to attract consumers. Its number of U.S. customers surged to 4.4 million (a 283 percent increase from the same quarter last year). Afterpay’s model allows customers to pay for items...
Exercise can help individuals maintain both their physical and mental health, and there are myriad options available for fitness beginners and enthusiasts alike. These range from extreme sports events like Spartan Races and triathlons to high-end luxury classes like SoulCycle — or simply having a bench...
While installment loan products were not quite unheard of in the U.S. five or six years ago, they were quite rare. At that time, the U.S. market for retail credit was largely occupied by store-branded cards and revolving credit accounts. But as millennials’ and Gen Z...
With an idea born from the ashes of the global financial meltdown of 2008, the founders of “buy now, pay later” success story Afterpay understood then that a “…younger generation would be more apt to buy things they wanted and needed if they could use...
The COVID-19 outbreak and resulting social distancing mandates are driving gyms to close and citizens to take their exercise indoors. But with unemployment skyrocketing, financing options for workout equipment can go a long way in reducing the burden on consumers’ wallets. In this month’s Buy...
