ZoodPay, the super app from the Middle East and Central Asia, will be collaborating with Network International in order to provide BNPL solutions, a report says. ZoodPay is the first Jordanian company working with BNPL. It’s currently offering the option on ZoodMall, its own marketplace,...
The top thing consumers want from credit providers is trustworthiness. Fifty-three percent of consumers say trust in the credit provider is an important factor when deciding to use a short-term credit payment method, according to BNPL, Banks And The Trust Factor, a PYMNTS and Amount...
While the pandemic contributed in part to the surge in buy now pay later (BNPL) services, an ongoing shift in consumer spending habits, combined with sweeping eCommerce adoption, has ensured the short-term interest-free installment plans are here to stay. More than half of consumers in...
As the Consumer Financial Protection Bureau (CFPB) continues its investigation on the buy now, pay later (BNPL) market, we’ll soon know what consumers, small businesses, financial institutions, trade associations, investors and other interested parties have to say on the subject. The open period for their...
Consumer interest in buy now, pay later (BNPL) options is growing at breakneck speed, creating a massive opportunity for market entrants to gain a foothold. Banks that respond to this consumer interest will be entering a market that already appeals to more than half of...
As consumers’ price anxieties make them hesitant to purchase from delivery aggregators, given the high fees these companies charge, DoorDash is turning to buy now, pay later (BNPL) to target these concerned consumers. On Tuesday (March 8), the company announced a partnership with Melbourne, Australia-based...
The number of buy now, pay later (BNPL) firms that have emerged over the past few years, especially in the wake of the pandemic, has exploded, highlighting rapid growth in the BNPL market worldwide. In the Middle East and North Africa (MENA) region, four major...
Buy now, pay later (BNPL) continues to gain popularity across all age groups, and U.S. consumer use in 2021 was up 81% from 2020. Most of that growth came from younger age groups, however. Millennials made up 40% of BNPL users in 2020, the largest...
Buy now pay later (BNPL) giant Klarna posted year-end results for 2021 that continued to show runaway success in the U.S., with a 71% surge in users, which helped push the company to a 42% increase in global transaction volume and a 38% jump in...
