Retailers are increasingly interested in offering buy now, pay later (BNPL) options to consumers, Affirm CEO Max Levchin said Thursday (Sept. 19). More shoppers are using BNPL to finance their spending, so retailers are willing to absorb the costs of BNPL as a way to offer zero-interest...
Cherry is reportedly gauging investors’ interest in a potential bond tied to buy now, pay later (BNPL) loans for dental or medical aesthetic treatments like cosmetic surgery. The startup payment company is setting up meetings over the coming weeks, Bloomberg reported Monday (Sept. 16), citing unnamed sources....
Citi has launched its buy now, pay later (BNPL) offering, Citi Flex Pay, on its travel booking platform, Citi Travel. The combination of these offerings allows Citi cardmembers to book a getaway and pay for it, without having to pay fees or interest for 12...
As consumers navigate a challenging economic environment, they are increasingly adopting buy now, pay later (BNPL) options to manage their spending. Affirm, a leading BNPL provider, reported Wednesday (Aug. 28) in its fourth quarter fiscal 2024 financial results that it saw 31% year-over-year growth in...
Australian buy now, pay later (BNPL) firm Zip is reportedly considering a partnership with Apple. That collaboration would integrate Zip’s installment payments offering with Apple in the U.S., CEO Cynthia Scott told the Wall Street Journal (WSJ). The company also plans to announce pacts with...
Buy now, pay later (BNPL) lenders will soon be able to access a set of frequently asked questions (FAQs) to help them comply with federal laws and regulations. The Consumer Financial Protection Bureau (CFPB) plans to issue these FAQs in September, CFPB Director Rohit Chopra wrote in...
A recent PYMNTS Intelligence report, “BNPL Fuels Essential Spending Surge on Amazon Prime Day, Walmart+ Week,” compares data from this year’s Amazon Prime Day and Walmart+ Week special sales events. PYMNTS Intelligence has tracked evolving consumer behaviors during these major sales, shedding light on key...
Approved guests who book accommodations on Hotels.com can now pay over time by selecting Affirm at checkout. These guests are shown the total cost of their purchase at checkout and will never pay more than they agree to upfront, the companies said in a Tuesday (Aug. 20) press...
For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps, will give banks a run for their money (literally). The company said in a blog post on Thursday (Aug. 15)...
