Installment Loans news and trends

Qonto Adds In-House Short-Term Financing Offer for Small Businesses
Buy Now Pay Later // March 26, 2024

Qonto has added its first in-house financing offer, “Pay later,” to the business finance solutions it offers small and medium-sized businesses (SMBs) and freelancers. The new Pay later is a short-term financing, or buy now, pay later (BNPL), offer giving eligible customers in Qonto’s four markets...

Affirm Says High Interest Rates Drive Demand for BNPL
Buy Now Pay Later // November 14, 2023

Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm’s product is perceived differently by consumers compared to traditional loans, Michael Linford, the company’s chief financial officer, told The Wall...

CFPB Eyes Tuition Payment Plans as Students Return to School
Buy Now Pay Later // September 27, 2023

It’s the end of September, summer’s a distant memory, and students are only a few weeks into settling into the routine of books, homework, and given the way things are going … … paying for it all. You’d be forgiven for thinking the conversation around...

As Inflation Rages, 0% Financing Turns Shoppers Into Buyers
Consumer Payments // February 10, 2023

Consumers are getting ready to battle inflation for the long haul — tapping every resource that’s available. Here’s one telltale sign: Valley Bank EVP and President of Consumer Banking Kevin Chittenden observed that customers  are scrambling to get home equity loans. “But they’re not really...

Interviews & Exclusives
CFPB Eyes Tuition Payment Plans as Students Return to School

September 27, 2023
It’s the end of September, summer’s a distant memory, and students are only a few weeks into settling into the routine of books, homework, and given the way things are going … … paying for it all. You’d be forgiven for thinking the conversation around what we might term “education affordability” has been confined to […]

As Inflation Rages, 0% Financing Turns Shoppers Into Buyers

February 10, 2023
Consumers are getting ready to battle inflation for the long haul — tapping every resource that’s available. Here’s one telltale sign: Valley Bank EVP and President of Consumer Banking Kevin...

BNPL Bulks Up Sales Of Protein Shakes And Sports Nutrition Products

August 12, 2021
Customers’ return to physical stores has been underway in recent months, with many viewing in-person retail as a treat after more than a year of health-related restrictions. Despite this, they...

Afterpay CEO On The Obstacles And Opportunities Growing Into The U.S. Market

April 07, 2020
While installment loan products were not quite unheard of in the U.S. five or six years ago, they were quite rare. At that time, the U.S. market for retail credit...

Quick Reads
Qonto Adds In-House Short-Term Financing Offer for Small Businesses

March 26, 2024
Qonto has added its first in-house financing offer, “Pay later,” to the business finance solutions it offers small and medium-sized businesses (SMBs) and freelancers. The new Pay later is a short-term financing, or buy now, pay later (BNPL), offer giving eligible customers in Qonto’s four markets — France, Germany, Italy and Spain — instant access to […]

Affirm Says High Interest Rates Drive Demand for BNPL

November 14, 2023
Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm’s product is perceived differently by...

Goldman, JetBlue Team Up On Installment Loan Product

April 10, 2020
Two days after JetBlue said it would temporarily consolidate service in five U.S. cities, the New York airline has joined Goldman Sachs to offer an installment loan product. CNBC reported...

Citi Pilots Credit Card Installment Loans Down Under

August 18, 2019
Citi Australia wants in on the burgeoning buy now, pay later market and is launching a new installment loan product with Kogan that will swap flat rates for interest rates,...