Rite Aid has teamed with Klarna to offer buy now, pay later options at its drugstores. The collaboration, announced Wednesday (Oct. 16), lets Rite Aid customers use Klarna’s Pay in 4 payment option when making purchases, paying for items in four installments. “Rite Aid shoppers with a Klarna account now...
Klarna is reportedly selling most of its British buy now, pay later (BNPL) loans. The deal with American hedge fund Elliott will free up as much as $39 billion for new loans, the Financial Times reported Wednesday (Oct. 16), citing sources familiar with the matter. It comes as Klarna is...
Buy now, pay later (BNPL) has emerged as a compelling payment option, particularly among millennials. This shift presents an opportunity for subscription merchants to enhance their offerings, potentially increasing revenue and creating long-term customer loyalty. A PYMNTS Intelligence report, “‘Adjustable’ Is the New ‘Agreeable’: BNPL Flexibility...
Klarna is expanding its in-store buy now, pay later option via a partnership with Adyen. The collaboration will bring Klarna’s installment payments on Adyen’s physical payment terminals at stores in North America, Europe and Australia, per a Thursday (Sept. 26) press release. Klarna said Adyen is the...
Installment payment FinTech Sunbit says it has launched a collaboration with payments platform Stripe. The partnership, announced Tuesday (Sept. 24), is designed to bring buy now, pay later (BNPL) offerings to more in-person services, such as auto repair and dental work. “In today’s financial environment,...
Perhaps the most frequently asked question that will come in the wake of the Consumer Financial Protection Bureau’s (CFPB’s) publication of a “frequently asked questions” (FAQs) page pertaining solely to buy now, pay later (BNPL) lenders might be this one: “What comes next?” The FAQ...
Retailers are increasingly interested in offering buy now, pay later (BNPL) options to consumers, Affirm CEO Max Levchin said Thursday (Sept. 19). More shoppers are using BNPL to finance their spending, so retailers are willing to absorb the costs of BNPL as a way to offer zero-interest...
Cherry is reportedly gauging investors’ interest in a potential bond tied to buy now, pay later (BNPL) loans for dental or medical aesthetic treatments like cosmetic surgery. The startup payment company is setting up meetings over the coming weeks, Bloomberg reported Monday (Sept. 16), citing unnamed sources....
Citi has launched its buy now, pay later (BNPL) offering, Citi Flex Pay, on its travel booking platform, Citi Travel. The combination of these offerings allows Citi cardmembers to book a getaway and pay for it, without having to pay fees or interest for 12...
