Back in June, PYMNTS Intelligence crystallized the fact that buy now, pay later (BNPL) payment options were gaining notice and demand from a wide swath of consumers across all tiers of household income and for a broad range of purchases, from small, everyday staples to...
Consumers are especially inclined to use deferred payment plans to pay for apparel and accessories, PYMNTS Intelligence research reveals, be it buy now, pay later (BNPL) or credit card installments. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: What BNPL Needs...
Many buy now, pay later (BNPL) users alter their purchasing when the payment method is not available, with PYMNTS Intelligence research revealing that millennials are disproportionately likely to trade down to cheaper items when not offered the option. By the Numbers The PYMNTS Intelligence report...
As buy now, pay later (BNPL) companies tinker with different methods to drive long-term engagement, Affirm and Afterpay are rethinking their loyalty strategies. On Monday (Feb. 5), Affirm shut down its rewards program, which offered points per BNPL purchase that could be redeemed for $5...
Split-payment plans, or installment plans as they are more popularly called, have gained momentum in the consumer commerce space in recent years. These plans — not only general-purpose card plans but also split-payment plans that use merchant or store cards and buy now, pay later...
With Valentine’s Day around the corner and Christmas fairly close in the rearview mirror, consumers’ budgets are likely stretched thin. If you’re looking for a way to get your sweetie something special and pay over time without interest, buy now, pay later might be the...
People using buy now, pay later (BNPL) are favoring these options and incorporating them into their financial choices. This growing trend has led BNPL providers to discover unexpected success in categories they may not have initially anticipated, creating new avenues for revenue in the process. ...
As consumers look for ways to afford the alcoholic beverages they want, a share of buy now, pay later users are paying for their beer, wine and spirits in installments. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: What BNPL Needs...
Evolve, a vacation rental hospitality company, has partnered with payment network Affirm to provide pay-over-time options to travelers. Affirm will be the exclusive pay-over-time partner of Evolve, which has more than 30,000 properties in 750 markets, the companies said in a Tuesday (Jan. 9) press release. “We look...
