Challenges in the buy now pay later (BNPL) sector vary from market to market. In countries where credit is traditionally accessed via credit cards, the installment aspect of BNPL is what distinguishes it from other solutions. For others, it’s nothing more than a solution that...
SoFi is rolling out a new buy now pay later product for eligible members. The personal finance company said in a Wednesday (Dec. 14) blog post that it is the first bank to launch within the Mastercard Installments program. SoFi is rolling out early access...
Walmart reportedly plans to offer buy now, pay later (BNPL) through a company it backs. The BNPL will be provided by the Walmart-backed FinTech venture ONE and may be launched in 2023, The Information reported Thursday (Dec. 8). The installment payment option will join the...
Curve has secured a $1 billion credit facility from Credit Suisse. The U.K.-based FinTech will use the money to fund its consumer lending product, Curve Flex, the company stated in a press release on Tuesday (Dec. 6). Curve Flex, which was launched last year, enables...
After a rocky 2022, payments firm Klarna hopes to right the ship next year. “This isn’t a boat, it’s a container ship,” CEO Sebastian Siemiatkowski said in an interview with the Financial Times (FT) on Wednesday (Nov. 30). You don’t turn it around in the...
Buy now, pay later (BNPL) has taken the retail world by storm, thanks in large part to its impressive array of benefits for merchants and enhanced customer experiences. PYMNTS research found that in 2021, 13.5% of consumers used BNPL services within the prior year, and another 44.7% know that...
The findings from this month’s "Buy Now, Pay Later Tracker®" also show that over half of consumers are either more likely to choose retailers that offer it or switch to ones that do, in what Boundless CEO Xiao Wang tells PYMNTS is proof that BNPL...
Buy now, pay later (BNPL) has quickly grown in popularity among consumers. PYMNTS research found that in the past year, 50 million consumers across the United States have leveraged this payment option that splits purchases at the point of payment into several smaller installments. Additional...
Business management platform Vagaro and automated clearing house (ACH) payments and risk management company Certegy have partnered on a buy now, pay later (BNPL) solution that will allows beauty, wellness and fitness businesses to offer payment installment options to their clients. With the new Vagaro...
