With U.S. banks seeing the savings rate hit a historic 33 percent in April, COVID-19 has fundamentally reordered financial priorities for people and businesses. Yet despite the new frugality, pent-up consumer demand – especially for nonessential items like apparel and jewelry – is already starting...
Global payments provider and shopping service Klarna is unleashing a new media campaign aimed at consumers in the United States as it promotes its newly released mobile app. The campaign, anchored by the tagline “Klarna: Swedish for smooother shopping,” “humorously illustrates how Klarna is redefining...
Like contactless payments, “buy now, pay later” (BNPL) companies are having a right time, right idea moment thanks to COVID-19, as consumers look to stretch every dollar — buying time, as it were — until livings and revenues are adequately restored across a reeling economy....
American consumers will be spending more time at home this summer as they continue to social distance amid the COVID-19 pandemic, and they are thus examining ways to spruce up their surroundings with home improvements and backyard landscaping projects. Consumers are facing financial strains at the same time, as unemployment rates have...
Many consumers confined to their houses are using the time to tackle longstanding home-improvement projects. But economic worries and debt wariness can often keep them from completing DIY projects, says David Sasson, CEO of online art retailer OverstockArt. In the latest Buy Now Pay Later...
Consumers around the world are confining themselves to their homes and feeling the urge to invest in luxury items and home improvement projects to spruce up their surroundings — despite economic concerns. This has led to growing interest in buy now, pay later (BNPL) installment...
Global payment and shipping service Klarna has reached a new milestone with 7.85 million U.S. customers, according to a press release. The company credits the achievement to its multitude of partnerships with a variety of companies, including H&M, Sephora, Timberland, The North Face, Shein, Fender,...
The past several months have been largely defined in the retail world by merchants and brands making quick digital pivots to stay afloat in an environment that’s gone from “digital sometimes” to “digital mostly.” It’s certainly been a tumultuous period, Anthony Eisen, co-founder and CEO...
Payments choice is emerging as more than just added eCommerce utility. Merchants expanding payment options are finding this an important differentiator, a major value-added benefit, seemingly tailor-made for the uncertain economic times we’re suddenly living through. Retailers didn’t embrace “buy now, pay later” options with...
