Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm’s product is perceived differently by consumers compared to traditional loans, Michael Linford, the company’s chief financial officer, told The Wall...
Buy now, pay later (BNPL) has gained popularity in recent years among consumers and merchants alike. The payment method allows consumers to obtain goods and services upfront through short-term loans, often without any interest. Given its convenience, accessibility and affordability, BNPL is not limited to...
Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on the market to obtain funds for offering small loans and installment plans to shoppers, exposing...
As consumers turn to buy now, pay later (BNPL) to be able to afford purchases that would otherwise be outside their budgets, subscription merchants are catching on, increasingly offering the option to pay in installments. By the Numbers The report “The Subscription Commerce Readiness Report:...
Rising buy now, pay later (BNPL) use among Americans helped give Klarna a profitable quarter. The Swedish payments company announced earnings Monday (Nov. 3) showing it had recorded an operating profit of $12 million for its most recent quarter, with revenues of $542 million. Klarna...
Almosafer, a consumer travel brand in Saudi Arabia, has partnered with Tabby, a shopping and financial services app in the Middle East and North Africa (MENA) region, to offer travelers buy now, pay later (BNPL) options. With Tabby now available as a payment option on...
Amazon Business is offering buy now, pay later (BNPL) services in collaboration with Affirm. Amazon Business started rolling out Affirm Thursday (Nov. 2) to eligible sole proprietor businesses. It will be available at checkout to all eligible Amazon Business sole proprietor customers by Black Friday,...
This month, PYMNTS’ Provider Ranking of Buy Now, Pay Later apps remains consistent. Klarna holds the top spot, but Affirm is inching closer, gaining points along the way. The Top 5 Klarna holds the No. 1 ranking with a score of 93, the same as...
Stere Pay unveiled its buy now, pay later (BNPL) gateway for the insurance industry. The initiative aims to address the upfront financial burden often faced by policyholders by enabling insurers and distribution partners to offer flexible financing options for premium payments, the FinTech company said...
