For clothing shoppers, flexible payment options can mean the difference between springing for a new wardrobe piece or missing out on a coveted purchase. In the Buy Now, Pay Later Tracker, Stacey Blicker, VP of digital for fashion retailer Chico’s FAS, explains how buy now,...
Consumers face tricky decisions when they want or need items that they cannot easily afford to pay for at once. Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a...
The story of buy now, pay later (BNPL) platforms is told by the headlines. Big names in the space like Visa and PayPal have moved into the segment as BNPL arrangements have made the jump from a niche payments subtype to an increasingly mainstream option...
Silicon Valley buy now, pay later (BNPL) startup Uplift has closed a $68 million credit line deal with Atalaya Capital Management. “This additional financing from Atalaya solidifies Uplift’s standing as the market leader in buy now, pay later for travel,” Uplift CEO Brian Barth said...
eCommerce reigned supreme in 2020. On that point there’s little, if anything, to debate. The demise of physical retail, however, has almost certainly been overstated. Recent PYMNTS research shows that online sales are soaring, but consumers still have a strong will to shop in stores,...
Momentum for buy now, pay later (BNPL) is sprinting into 2021. Evidence: The $264 million Affirm-PayBright deal, which means Affirm is officially open for business in Canada. More evidence: Affirm’s previously announced initial public offering (IPO) is seeking to raise up to $934.8 million, and is...
Alternative payments provider Affirm has officially bought PayBright of Toronto in a $264 million deal. The acquisition combines the two buy now, pay later (BNPL) companies and pushes San Francisco-based Affirm’s reach into Canada. “This combination creates a payment solutions platform with expanded scale and...
The holiday shopping season is bringing some relief to the retail industry after a difficult year of pandemic-driven store closures and social distancing as well as consumers’ reluctance to spend much during a time when unemployment levels surged earlier this year. Consumer spending appears to...
Foot traffic typically skyrockets in stores during the holiday shopping season, with consumers drifting in and out of brick-and-mortar shops as they hunt for gifts. The pandemic has changed the rules, however, and merchants have rapidly adjusted to a retail climate in which customers retain...
