England’s cost-of-living crisis has fueled a surge in buy now, pay later (BNPL) use. New research by the country’s Financial Conduct Authority (FCA) shows a 10% increase in use of the installment payment plan, the watchdog announced Tuesday (Oct. 31). With that in mind, the FCA says it has...
Swedish payments firm Klarna is facing a possible strike by employees in its home country. The Unionen and Swedish Engineering unions announced Thursday (Oct. 26) that the strike will commence on Nov. 7 if a collective bargaining accord is not reached. Negotiations have been underway since March, with both...
Kimberly Clark introduced Kleenex in 1924 as a product used by movie stars instead of face cloths to remove their makeup and keep their skin soft. The key selling point was that the tissues could be discarded after each use, saving women lots of laundry...
As the holiday season and festivities draw near, consumers, particularly those living paycheck to paycheck, are bracing themselves for the added financial stress that accompanies this time of year. As noted in “New Reality Check: The Paycheck-to-Paycheck Report — The Seasonal Financial Distress Deep Dive...
Card issuer Marqeta has teamed with Scalapay to expand buy now, pay later use in Europe. The collaboration, announced Tuesday (Oct. 17), will see Marqeta work with Scalapay — a buy now, pay later (BNPL) firm operating throughout Europe — to issue virtual cards for online and in-person transactions. Marqeta notes...
Buy now, pay later (BNPL) may be the payment “lifeline” that keeps consumers from trading down on everyday essentials — and may in fact them help them get the goods in the first place. Earnings season has not even begun in earnest, but the commentary...
This edition of the PYMNTS’ Provider Rankings of Buy Now, Pay Later Apps is exciting because the top five apps have held their ground. Stay tuned next month to see how these top contenders fared. And until then, take a peek below to see how...
As consumers become increasingly accustomed to convenient and flexible payment options, buy now, pay later (BNPL) as a payment method has gained significant popularity both among consumers who can spread retail purchases in several installments and merchants looking to prevent cart abandonment and sustain sales....
Zip has teamed with Primer to further tap into the U.S. buy now, pay later (BNPL) market. “With an $11 trillion total addressable market in the U.S., BNPL services account for a mere 2% of all payments,” Zip Co-founder and U.S. CEO Larry Diamond said in a Monday (Sept....
