For Bumper CEO James Jackson, a career at tech firms over the course of more than a decade has served up “lots of valuable lessons on how you scale FinTechs and how you raise capital,” as he noted to Karen Webster. But his time at PayLater,...
Buy now, pay later (BNPL) has gone mainstream. So much so that if businesses don’t provide this payment option, they might lose out on sales at checkout. This is especially important as inflation influences whether consumers choose to spend money. Jacqueline White, president of i2c, emphasized...
Nearly a quarter of British buy now, pay later (BNPL) users have been charged late fees. These fees for late repayments hit younger consumers the hardest, the Financial Times (FT) reported Tuesday (Jan. 2), citing data from the nonprofit Centre for Financial Capability (CFC), showing that 22% of...
Just a few years ago, buy now, pay later was a relatively new concept — one that’s now gone mainstream, Jacqueline White, president of i2c, told Karen Webster. In 2024, BNPL is going to be increasingly on consumers’ radars and a payment option they expect...
Financial struggles are a constant challenge for those with limited access to credit, especially when unexpected emergencies arise. PYMNTS Intelligence research backs this up, showing that when faced with unforeseen expenses, 56% of all consumers and more than 80% of credit-marginalized consumers — individuals who...
From its nascent stages to its maturing as a force reshaping retail and eCommerce, installment plans, particularly buy now, pay later (BNPL) services, marked a pivotal chapter in 2023. Amid high inflation and rising costs, the payment method allowing consumers to access goods through short-term, interest-free...
The holidays are over; now it’s time to get what you really wanted for Christmas. If you’re looking to buy something now and pay over time, PYMNTS’ Provider Ranking of Buy Now, Pay Later is here to help. Some apps are tied in the ranking...
There’s an old story, possibly apocryphal, where F. Scott Fitzgerald tells Ernest Hemingway: The rich are different from you and me. Replies Hemingway: “Yeah, they have more money.” The exchange springs to mind as buy now, pay later (BNPL) sweeps the globe, and is finding...
Saudi Arabia-based buy now, pay later (BNPL) platform Tamara has become that nation’s first unicorn. The company announced Monday (Dec. 18) that it had closed a $340 million Series C round, giving it a valuation of $1 billion. The term “unicorn” refers to a startup with...
