Sezzle is looking to drive revenues after ending a challenging 2022 on a high note. The buy now, pay later (BNPL) provider released quarterly earnings figures Tuesday (Feb. 28) that show the company’s income jumping 16.2% to a record $38.3 million. And as it heads...
Payments company Klarna has debuted a program to reduce missing payments among its U.K. borrowers. The Swedish buy now, pay later (BNPL) provider announced recently it has historically not charged a late fee in the U.K., despite doing so in other countries. Now, that’s about...
There have been speed bumps for buy now, pay later. PYMNTS’ own data shows that the opportunity is significant for BNPL providers: Research shows 2.8% of online retail purchases completed with buy now, pay later as of Q4. But BNPL’s presence within retail spending overall is still...
PayPal has lent its support to Australia’s planned buy now, pay later (BNPL) regulations. In a letter released Thursday (Feb. 16) as part of a government inquiry into the BNPL industry, the payments firm said it was in favor of a “tailored, proportionate and thoughtful regulatory framework” for...
The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by the HM Treasury, comes two years after the government announced its intention to tighten rules around the use of interest-free...
Apple’s push into financial services has been well-documented here at PYMNTS. Key among the tech giant’s efforts to cement an ecosystem that brings higher-margin services to the forefront has been the move to offer credit cards, digital wallets and its impending BNPL option, Apple Pay...
Business-to-business (B2B) payments are fueling the uptake of buy now, pay later (BNPL) in Europe. While the explosion of the BNPL concept has primarily centered on the business-to-consumer (B2C) sector, in recent years, BNPL for business has been gaining traction, buoyed by increasing funding rounds and partnerships....
Ingenico and Splitit are partnering to develop a new in-store BNPL solution. The Paris-based payment technology company announced the partnership with the U.S. buy now, pay later (BNPL) firm in a press release on Monday (Feb. 1), saying that it will “bring one-touch, no-interest, buy...
Kayak is hoping installment payments will lure travelers as flight prices soar. The travel website announced Wednesday (Jan. 25) that it was working with buy now, pay later (BNPL) company Affirm to offer travelers payment flexibility amid a 40% year-over-year increase in the cost of plane tickets....
