For an industry that’s typically laser-focused on frictionless services, it’s rare to hear calls for any sort of friction — let alone that it’s good for consumers who increasingly desire faster, more convenient and seamless services. But as more and more buy now, pay later...
Klarna is disputing new research into the buy now, pay later (BNPL) industry published by Barclays with debt charity StepChange that warns of the many people who could fall into financial peril due to unregulated financial products. Barclays issued a press release Thursday (June 23)...
Australian buy now, pay later (BNPL) company Zip is planning merchant and consumer fee hikes to help it ride out a tough market environment of soaring inflation, rising interest rates and tighter regulations, according to a Thursday (June 22) press release. “We acknowledge that while...
Following an explosion of buy now, pay later (BNPL) use in the past few years, transaction volumes are expected to hit $680 billion worldwide by 2025. In the United Kingdom, for example, the use of the service nearly quadrupled in 2020 to £2.7 billion (about...
PayPal has debuted PayPal Pay Monthly, a buy now, pay later (BNPL) offering issued by WebBank, according to a Wednesday (June 15) press release emailed to PYMNTS. The new offering lets customers space payments over a long period of time, giving them “greater flexibility and...
Klarna CEO Sebastian Siemiatkowski said Apple’s entry into the buy now, pay later (BNPL) space is “amazing” and a validation of the sector’s business model, Seeking Alpha reported Friday (June 10). See also: Apple Says Now Is the Time for Pay Later BNPL platforms usually let...
Buy now, pay later (BNPL) company Afterpay has teamed up with HBX, Hypebeast’s eCommerce platform, to help shoppers afford luxury and streetwear clothing brand purchases. According to a Wednesday (June 8) news release, the partnership will let shoppers pay for online purchases in four installments....
Digital bank Zopa is hoping to capitalize on the United Kingdom’s buy now, pay later (BNPL) market — worth 6 billion British pounds (about $7.5 billion) — with a new suite of regulated products of its own, according to published reports Wednesday (June 8). The BNPL...
When a House Subcommittee on Financial Services hearing titled “Buy Now, Pay More Later?” was convened last November, it was clear that rising installment debt is a concern at high levels. It’s heating up more now, and market watchers see big changes ahead. Discussing the...
