Retailers are having a rough go of it in 2022. Inflation is at 9.1%, according to the consumer price index, and supply chain disruptions mean inventory shortages that frustrate both merchants and consumers. The pandemic continues to linger as well, with outbreaks and new variants...
The loss of spending power is taking its toll on how consumers spend their money, which in turns creates new interest from new categories of merchants who see BNPL as a way to make the sale, says Erik Svenson, head of global consumer finance for...
FinTech Bespoke Financial reportedly plans to expand its business-to-business (B2B) buy now, pay later (BNPL) offering for cannabis dispensaries in California and Massachusetts. A pilot of the BNPL product was launched in July and has proven to be successful, according to a Thursday (Aug. 25)...
Buy now, pay later (BNPL) services are commonplace in the modern economy, with 60% of consumers using them at one point or another. Retailers are also happy to offer BNPL services, especially in an economic environment that can generously be described as challenging. Inflation is...
At a time of growing investor concerns and a retracting investment landscape that has led to a dip in valuations of many global firms, it’s fair to say that the ability to secure a 9-figure raise in the buy now, pay later (BNPL) space, where...
They may have startled Wall Street investors, but for consumers, merchants and retailers, Affirm’s results are the latest affirmation that the seismic shift towards buy now, pay later, (BNPL) is continuing to bear fruit with customers using the payment option more often. As much as...
Indonesian eCommerce company Tokopedia has added a buy now, pay later (BNPL) option to the range of digital payment methods it accepts. With the new GoPayLater Cicil, select Tokopedia customers can shop on the company’s platform and then choose to pay in installments over one,...
Buy now, pay later (BNPL) lender Klarna is bringing its installment payments program to the online salon booking platform StyleSeat to offer people an interest-free Pay in 4 solution for beauty and haircare needs. Kristina Elkhazin, Head of North America, Klarna, said that there is...
Independent buy now, pay later (BNPL) integration platform Optty has added shopping and rewards firm ShopBack to its expanding BNPL ecosystem, marking its 50th integration. ShopBack PayLater, powered by hoolah, is available to all participating merchants in Malaysia, Singapore, and Thailand as an option through...
