Dollar General has rolled out new financial services aimed at giving customers new banking options and payment alternatives, the company said in a Tuesday (March 8) news release. The budget retailer says these services include the launch of spendwell, its exclusive banking platform, a pilot...
Buy now, pay later (BNPL) continues to grow in popularity across every age demographic, with the rate of American consumers using the practice rising 80% between 2020 and 2021. However, most of that growth came from younger shoppers, with millennials making up 40% of BNPL...
Late fees can be an important source of revenue for traditional lenders, and for some credit card companies, it can represent up to 20% of their annual revenues. This means that loan providers that choose not to charge these penalty fees, such as Paris-based buy...
Buy now, pay later (BNPL) is like the layaway of long ago only better, because shoppers get to take merchandise home upon purchase — not payment. With no fees or interest to the consumer, it’s also been a plus for merchants who can close out...
Call it a phenomenon and not a passing fancy. When it comes to buy now, pay later (BNPL), banks would do well to play a bit of catch-up. It’s no secret that the payment option is becoming more popular, and volume is expected to grow...
This year is looking a bit like 2021, at least in one respect: The buy now, pay later (BNPL) industry continues to consolidate. As reported late Sunday evening (Feb. 27), Australia’s Zip is buying Sezzle in a deal valued at $352 million. Read more: Zip...
Consumers are much more likely to use buy now, pay later (BNPL) when making purchases online than when shopping in physical stores. That’s true across four retail segments, including big-box stores, department stores, luxury and specialty stores, and local businesses, according to “BNPL And The...
Buy now, pay later (BNPL) works in the transportation industry, too. In the same way that customers love paying for purchases over time with installment plans and retailers enjoy booking bigger tickets and more sales, shippers love paying for carrier capacity in alignment with their...
The use of buy now, pay later (BNPL) has exploded in the past few years as more and more consumers tap into the opportunity to pay for expensive, one-time retail purchases in several installments. This boom has also created fierce competition in the BNPL space...
