Consumers are interested in options that help them manage their finances better. Many are turning to pay later plans for this reason. Installment plans linked to consumers’ existing cards are one option merchants need to consider. The benefits aren’t just for consumers. Card-linked installment plans...
The popularity of pay later plans has been on the rise. Consumers are becoming more aware of options such as buy now, pay later (BNPL) and card-linked installment plans. Merchants and acquirers broadly agree that offering pay later plans can both boost sales and drive...
Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s credit statement viewed by PYMNTS: “Effective October 10, 2024, you will not be able to...
Merchants are increasingly recognizing the value of offering general-purpose credit card-linked installment plans. In fact, 37% of merchants now provide these installment plans at checkout. This shift — a 16% rise since December 2023 — highlights how rapidly consumer demand for flexible or pay later...
October 21, 2024
Embedded finance, and in particular lending, is finding its way into various URL, app and brick-and-mortar settings these days, and is also rendered at the point of sale, giving an indication of how prevalent its integration into the connected economy has become. The opportunity — as measured in transaction volumes — will be a focus […]
July 18, 2024
The popularity of pay later plans has been on the rise. Consumers are becoming more aware of options such as buy now, pay later (BNPL) and card-linked installment plans. Merchants...
June 21, 2024
Merchants are increasingly recognizing the value of offering general-purpose credit card-linked installment plans. In fact, 37% of merchants now provide these installment plans at checkout. This shift — a 16%...
May 16, 2024
Pay later plans have gained value since they offer consumers flexibility and better spend management. PYMNTS Intelligence reveals consumers’ preferences for these plans, particularly around buy now, pay later (BNPL)...
July 17, 2024
Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s credit statement viewed by PYMNTS: “Effective October 10, 2024, you will not be able to use Chase credit cards to pay for third-party Buy Now […]
January 02, 2024
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...
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...
November 09, 2023
Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on...
