The buy now, pay later (BNPL) wave first formed around relatively inexpensive fashion and beauty goods, but industry watchers keep looking for new use cases that will expand and unlock bigger-ticket potential, in many cases for consumers with impaired credit. Among areas where consumers would...
Although it’s chiefly known as a buy now, pay later (BNPL) network, Affirm has rolled out updates to its app that essentially lets customers buy now, pay now. Announced on Wednesday (Dec. 8), the company’s Cash Back Rewards program gives customers the option to pay...
Openpay, the diversified payment and POS lending FinTech, has teamed with American Express to help offer more access to lending and payments for bigger purchases, a press release says. The partnership will see American Express card members able to make purchases through their cards, funding...
It’s hard to think of a payments phenom to beat buy now, pay later (BNPL). Initially seen as a retail novelty when it first began appearing in the U.S. with Afterpay’s 2014 debut, adoption grew slowly at first, then underwent a pandemic acceleration that’s turned...
With 14% of online shoppers — more than 28 million U.S. adults — using buy now, pay later (BNPL) to pay for a purchase at least once in the last 12 months, there isn’t any question that the payment option has become mainstream. Tristan Roffey,...
Buy now, pay later (BNPL) provider Afterpay has released insights on consumer shopping that include a massive boost in Afterpay use, according to a Tuesday (Nov. 30) press release. BNPL spending in the U.S. has increased 230% in the past year, with a 34% increase...
Buy now, pay later (BNPL) firms are putting their cards on the table – literally. In recent weeks, tapping into the continued rise of debit spending, some of the bigger names in the BNPL space have begun issuing their own debit cards. Against that backdrop,...
The buy now, pay later (BNPL) industry needs regulations to provide more standards for a booming market, the head of the BNPL lender Affirm said this week. In an interview with the Financial Times on Wednesday (Nov. 24), Affirm’s Founder and CEO Max Levchin said...
Global retail bank and buy now pay later (BNPL) specialist Klarna is introducing its Pay Now option to its suite of U.S. payment services, along with the upcoming launch of its Klarna Card to the U.S. market, which brings its interest-free Pay in 4 services...
