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Klarna Says AI Tools Reduced Operating Expenses 11% in Q1
Klarna Says AI Tools Reduced Operating Expenses 11% in Q1
May 30, 2024  |  Earnings

Klarna reported Thursday (May 30) that it achieved both accelerated revenue growth and lower operating expenses during the first quarter, with the latter driven by...

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Spending Management Is Top of Mind for ‘Zillennial’ Shoppers
Spending Management Is Top of Mind for ‘Zillennial’ Shoppers
May 28, 2024  |  Consumer Insights

For zillennials — the bridge generation between millennials and Generation Z, born between 1991 and 1999 — budgeting is a key priority when making decisions...

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Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada
Insurance Provider Apollo Forms Subsidiary to Offer BNPL in Canada
May 27, 2024  |  Investments

Canadian digital insurance provider Apollo has raised $18.5 million Canadian dollars (about $13.6 million) to launch a wholly owned subsidiary that will allow Canadians to...

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BNPL Regulation Grabs Headlines as FinTech IPO Index Loses 2.7%
BNPL Regulation Grabs Headlines as FinTech IPO Index Loses 2.7%
May 24, 2024  |  Fintech Investments

The FinTech IPO Index lost 2.6% as earnings trickled in. The buy now pay later (BNPL) space, arguably, held sway — dominating headlines as the...

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As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
As CFPB Targets BNPL Firms, Some Consumer ‘Protections’ Are Already in Place
May 22, 2024  |  BNPL

The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. This...

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CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
May 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later (BNPL) vendors are credit card providers and must provide some...

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Google Pay Expands BNPL and Says Goodbye to the CVV With Biometrics 
Google Pay Expands BNPL and Says Goodbye to the CVV With Biometrics 
May 22, 2024  |  Google

A week after Visa threw down the payments gauntlet with a series of announcements that merged the physical and digital worlds, Google took its turn...

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Sabre and Uplift Partner to Enable Hotels to Offer BNPL
Sabre and Uplift Partner to Enable Hotels to Offer BNPL
May 21, 2024  |  Buy Now Pay Later

Sabre Hospitality and Uplift have partnered to enable hotels to offer their guests a buy now, pay later (BNPL) option. With this collaboration, Uplift’s pay-monthly option will...

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Shoppers Spend Twice as Much with General Purpose Credit Card Installment Plans than BNPL
Shoppers Spend Twice as Much with General Purpose Credit Card Installment Plans than BNPL
May 16, 2024  |  BNPL

Pay later plans break up the cost of purchases into smaller scheduled payments over time. These plans have gained popularity with consumers. However, PYMNTS Intelligence...

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