Retailers that cater to younger consumers must realize that BNPL not only drives bigger tickets but also keeps shoppers coming back for more. In PYMNTS’ new Buy Now, Pay Later Tracker, Mark Spencer of clothing and lifestyle retailer Jane.com explains why installment plan optionality is...
Estimated to account for about $100 billion worth of transactions each year, the buy now, pay later (BNPL) market has exploded in recent years, fueling and accelerating the transformation in consumer payments through point-of-sale financing. But while the business-to-consumer (B2C) sector has experienced tremendous growth...
Buy now, pay later (BNPL) has become significantly more prominent during the accelerated digital transformation accompanying the pandemic. More and more consumers completing transactions via the web or mobile checkouts have become increasingly familiar with installment payment options, and as they chart their returns to...
In what it described as a move to promote financial inclusion for 100 million buy now, pay later (BNPL) users, TransUnion has launched a new suite of solutions designed to help these people get and establish credit. “The inclusion of point-of-sale loans including BNPL into...
Scalapay, a European buy now, pay later (BNPL) provider, has raised $497 million in Series B funding, a press release said, along with debuting its Magic program, which it says will add more functions to help merchants make payment easier. Scalapay works with eCommerce merchants...
Klarna is introducing its rewards program and Pay Now option to customers in the U.K. as part of an upcoming expansion plan to nine new markets — Australia, Ireland, France, Italy, Spain, Portugal, Poland, Canada and New Zealand. The new rewards program gives Klarna users...
Buy now, pay later (BNPL) methods have reached new heights in the past year as consumers have kept flexible, digital payments front and center during transactions. Many consumers say BNPL can help them manage their payments and extend their purchasing power, including when purchasing big-ticket...
Delta Airlines is giving travelers a buy now, pay later (BNPL) option with the help of American Express’ Plan It tool. The update, announced in a press release Thursday (Feb. 17), lets American Express consumer card members in the U.S. can choose from the available...
Danish buy now, pay later (BNPL) firm ViaBill has raised $120 million in a debt and equity round led by the U.K.’s Fasanara Capital. “We see huge demand for Buy Now Pay Later that isn’t limited to online stores,” Jan Lytje-Hansen, CEO and co-founder of...
