As the popularity of buy now, pay later (BNPL) continues to grow, the industry is getting a clearer glimpse into the spectrum of users who turn to it for purchases, including an unexpectedly wide — and growing — number of customers who have other credit...
With all buy now, pay later (BNPL) options combined clocking in at just 3% of total payments in 2021, there’s nothing but open highway ahead — and BNPL is flooring it for 2022. Banks are where BNPL is headed. While banks do participate in installments...
Santander Bank’s buy now, pay later (BNPL) product, Zinia, is expanding to the Netherlands and plans to grow its footprint across Europe as it moves to become a leader in the BNPL market, according to a Wednesday (Jan. 26) press release. The bank launched the...
Klarna CEO Sebastian Siemiatkowski said the increased competition in the buy now, pay later (BNPL) sector has retailers pushing for lower fees, Bloomberg reported Tuesday (Jan. 25). “I wish I could convince them to pay 6%, but it was a long time ago that I...
IN Financial Technologies (INFT) is rolling out a buy now, pay later (BNPL) feature, called INFT BNPL, to help customers grow their businesses. As Taiwan News reported Tuesday (Jan. 25), INFT works in tech, retail banking and finance, often working with small- to medium-sized businesses...
There may be nothing new under the sun, but buy now, pay later (BNPL) as a trade financing solution for business-to-business (B2B) buyers and sellers is a meaningful adaptation of the concept. How companies use installment credit diverges from consumer uses, as would be expected,...
Buy now, pay later (BNPL) company Zip has announced that it is exploring acquiring installment payment platform Sezzle, according to a media release from Zip on Monday (Jan. 24). Zip says it “confirms it is in discussions” about acquiring the other company. “Zip is always...
It’s easy to see why buy now, pay later (BNPL) options are so appealing for consumers. They want the things they want right away, but they might unable — or unwilling — to pay the entire cost upfront. “Don’t worry,” BNPL says to these consumers....
In these difficult economic times, the possibility of paying for products in several interest-free installments, popularly known as buy now, pay later (BNPL), has never been more attractive to consumers around the world. Across the African continent, the service is starting to gain traction in...
