More retailers are making a buy now, pay later (BNPL) option available at checkout, as they are finding that the increasingly popular payment method allows them to sell to customers they otherwise may not be able to reach. Among those customers are those who do...
Roughly one-quarter of Americans making anywhere from $50,000 to more than $100,000 per year have found themselves cut off from traditional credit due to past histories, but their money still spends. Giving these solid earners a second chance at credit is turning into a huge...
Aside from the pure convenience they offer, most buy now, pay later (BNPL) operators position themselves as a way for consumers to make a payment without having to use their credit card or dip into savings. It’s a solid value proposition with proven universal appeal...
Credit reporting agency Equifax is putting a plan in place next year to add buy now, pay later (BNPL) plans to credit reports, which hasn’t always happened before, The Wall Street Journal (WSJ) reported. The plan will give lenders a better picture of peoples’ financial...
The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna, PayPal and Zip — regarding the pros and cons of flexible payment options, according to a CNBC report Friday (Dec....
No disrespect to crypto, but few would disagree that buy now, pay later (BNPL) is the payments sensation of the pandemic era, with PYMNTS research finding that 50 million people used BNPL at least once in the past year. From consumer adoption to mergers to...
Amazon is working with Barclays on new accounts that allow customers to access installment plan payments in the United Kingdom, according to a press release emailed to PYMNTS. Called “Instalments by Barclays,” the plans are intended to help customers access more flexible payment options and...
The Indonesian buy now, pay later (BNPL) platform Kredivo is teaming up with IKEA to offer customers the chance to pay for their furniture in installments. The partnership, which was announced on Thursday (Dec. 16), lets customers use Kredivo as a payment method on the...
Buy now, pay later (BNPL) instruments offered by companies such as Klarna, Affirm and Afterpay are becoming so widely used that it was only a matter of time before regulators decided to look closely at these (usually unregulated) products. In this regard, the United Kingdom...
