Exactly one year ago buy now, pay later (BNPL) firm Zip entered a definitive agreement to acquire rival Sezzle. Fast-forward to Wednesday (March 1), and Zip is exiting most of the markets in which it operates, ending its vision of global expansion. As reported by...
Affirm is raising interest rates on its buy now, pay later loans. In an interview with Bloomberg News on Friday (Feb. 17), CEO Max Levchin said the company has convinced several major retailers — Dick’s Sporting Goods and Shopify among them — to permit it...
ZoodPay and Mastercard have teamed up to launch a prepaid virtual installment card. The new card was announced in a joint press release on Monday (Jan. 23), and will allow ZoodPay to scale its offerings and provide BNPL solutions to customers and merchants without being...
A new partnership between Bolt and CredPal is bringing ride now, pay later to Nigeria. The deal between the Estonian mobility company and Lagos-based buy now, pay later (BNPL) startup is aimed at enabling users to defer ride payments for a month. The service will...
Dubai-based FinTech Tabby has raised $58 million in a Series C funding round. Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst all participated in the round, which values the Dubai-based buy now, pay later (BNPL) firm at $660 million. ...
The surging popularity of buy now, pay later has bucked conventional wisdom about installment lending. “At the beginning of the BNPL boom, we heard all about how Gen X and Gen Z were the ones who wanted buy now, pay later,” Ed O’Donnell, CEO of...
Omnichannel shopping was on full display this holiday season, with buy now, pay later (BNPL) playing a starring role against a backdrop of economic turbulence. Where these trends meet offers a significant market opportunity for retailers, but merchants need to beware of potential hiccups in...
Shoppers are returning to physical stores this holiday season, but digital habits adopted during the pandemic show no signs of abating. More than three-quarters of shoppers in a recent global survey said they are visiting brick-and-mortar locations at pre-pandemic levels, but they are increasingly combining...
As they navigate a period of economic uncertainty, Americans are increasingly turning to buy now, pay later (BNPL) tools. An emergent suite of next-generation, flexible financing solutions are helping consumers weather rising inflation and meet financial goals within an ever-changing, rarely positive, macroeconomic environment. PYMNTS’...
