Buy now, pay later (BNPL) belongs to the young — especially online. PYMNTS data, gleaned over the last few months, across 2,500 respondents and across a broad range of demographics show that the greenfield opportunity for paying in installments, online and in-store, is a significant...
National Australia Bank (NAB) customers will now be able to preregister for the new buy now pay later (BNPL) service, as the bank tries to give Australians more financial flexibility, a press release said. This will allow customers to access up to $1,000, split purchases...
Buy now pay later (BNPL) pioneer and digital bank Klarna is shifting its focus from growth to short-term profits after net losses in 2021 hit approximately $689 million. While aiming to raise capital after cutting 10% of its workforce, Klarna CEO Sebastian Siemiatkowski told Financial...
Competition in the buy now, pay later (BNPL) space has intensified over the last few years as established players compete with new entrants vying for a piece of the growing pie. And in Europe, where customers are quite conservative when it comes to credit, focusing...
Open-source commerce solution WooCommerce, which was built on WordPress, has deepened a partnership with buy now, pay later (BNPL) firm Affirm to offer new ways of paying over time in installments, a press release said Tuesday (May 24). Eligible WooCommerce businesses can offer Affirm at...
Tranch, a U.K. buy now, pay later (BNPL) platform for SaaS sellers and professional services providers, says it has raised $4.25 million in pre-seed equity and debt funding. According to a Monday (May 23) news release, the firm — which just came out of stealth...
Amsterdam payments platform Mollie is teaming up with Eindhoven-based buy now, pay later (BNPL) firm in3 to offer interest-free installments across the Netherlands. “Shoppers don’t always have the available funds to pay for what they want when they need it. BNPL can increase conversion rates...
Buy now, pay later (BNPL) transaction volume is expected to reach $680 billion worldwide by 2025, a clear indication that consumers will continue to embrace installment payments and adopt the service at the point of sale (POS). Read PYMNTS report: Who’s Using BNPL and Why?...
Buy now, pay later (BNPL) firms — and their customers — seem to be handling macro pressures well. Provisions for losses are growing, though transaction volumes are too, indicating that the relatively new business model is resilient. Inflation is red-hot. Consumers are living paycheck to...
