Payments platform Sezzle has been named one of CNBC’s top FinTechs. The award for the World’s Top Fintech Companies 2023, announced Wednesday (Aug. 2), places Sezzle among those companies “building innovative, tech-enabled and finance-related products and services,” as CNBC put it on its website. According to a news...
The build vs. buy debate is a perennial one in technology, and in payments. For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to more consumers, and to broaden its own portfolio of payment options — specifically in the...
Klarna has partnered with British department store Liberty to add its flexible and interest-free payment options to the online store. This partnership aims to help Liberty customers save time and money when making high-end purchases by using the Swedish FinTech company’s buy now, pay later (BNPL) option, Klarna...
B2B payments company Mondu has partnered with payments specialists Acquired.com. Through Acquired’s network, Mondu’s suite of B2B payment services will be available to customers across the United Kingdom and Europe, the companies said in a Thursday (July 20) press release. This strategic collaboration will bring...
Buy now, pay later (BNPL) plans seem to be everywhere, but the greenfield opportunity remains relatively untapped. In “Banking on Buy Now, Pay Later: Installment Payments and FIs’ Untapped Opportunity,” a PYMNTS and Amount collaboration, we found that 50 million consumers used BNPL through 2022....
Struggling consumers are relying on payment plans for daily purchases as wages fall behind rising prices. Nearly three-quarters of millennials are living paycheck to paycheck as seemingly ceaseless price increases force consumers to stretch their budgets further to keep up with the cost of living....
The concept of wealth is constantly evolving — and in the Instagram age, social media makes it all too easy to keep score in the bid to keep up with the Joneses. A study conducted by Charles Schwab found that Americans believe having a net worth of $2.2 million...
Retailers that offer a variety of credit options draw in consumers battling the constraints of higher prices and stagnant wages to help them smooth things over. Prior PYMNTS’ research established improved spend management as a top reason for younger consumers to use credit products. Our...
Buy now, pay later (BNPL) isn’t just for school kids. While the payment solution has thrived among a cohort of consumers who don’t have credit (for example, school kids), the payment method has also gained steam across various demographics, including older folks. Furthermore, its growing...
