Installments news and trends

Consumers Embrace BNPL for Groceries Amid Rising Food Costs
Buy Now Pay Later // June 12, 2024

Around the world, grocers are exploring buy now, pay later (BNPL) capabilities to offer installment options to consumers struggling with inflation. In the United Kingdom, for instance, BNPL is getting one step closer to making its way into grocery stores. Klarna announced Friday (June 7)...

Apple Pay Expands Services Ecosystem ‘Off’ iPhone Onto Chrome and Into Installments
Apple Pay // June 11, 2024

The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements Tuesday (June 11) highlights some key ways the tech giant is stretching the reach of...

Apple Pay to Offer Access to Affirm BNPL Loans
Buy Now Pay Later // June 11, 2024

Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm during checkout. This is one of several new features that will be added to Apple Pay in the fall, Apple said in a Tuesday...

BNPL Users Want to Be Rewarded for Their Purchases
Buy Now Pay Later // June 10, 2024

More consumers would use buy now, pay later (BNPL) for larger purchases if they could be sufficiently rewarded for doing so. By the Numbers The PYMNTS Intelligence report “Tracking the Digital Payments Takeover: What BNPL Needs to Win Wider Adoption” was based on a survey...

Interviews & Exclusives
Apple Pay Expands Services Ecosystem ‘Off’ iPhone Onto Chrome and Into Installments

June 11, 2024
The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements Tuesday (June 11) highlights some key ways the tech giant is stretching the reach of Apple Pay and Apple Wallet beyond the iPhone or credit […]

Splitit Gives Banks New Checkout Experience to Reclaim Pay Later Space

May 10, 2024
Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing. As FIs have struggled...

Revolving Credit Surge Hints at Split Payments’ Continued Appeal

April 08, 2024
Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Within that growth likely lies a continued use of card installment plans....

Price-Conscious Consumers Open Door for POS Financing Options

April 04, 2024
As inflation persists, so does sticker shock. For merchants seeking to close the sale, financing offered at the point of sale — before the purchase is made — can help...

Quick Reads
Klarna Sells Checkout Solution for $520 Million to Eliminate Processor Conflicts

June 24, 2024
Klarna sold its online checkout solution, Klarna Checkout (KCO), for $520 million to a group of investors led by BLQ Invest CEO and founding partner Kamjar Hajabdolahi. The buyers will assume ownership of KCO on Oct. 1, and Klarna’s payment methods will continue to be offered in the checkout, Klarna said in a Monday (June […]

Apple Pay to Offer Access to Affirm BNPL Loans

June 11, 2024
Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm during checkout. This is one of several new features...

Sezzle Launches BNPL Partnership With Vallarta Supermarkets

June 03, 2024
Buy now, pay later (BNPL) platform Sezzle launched a partnership with California’s Vallarta Supermarkets. “Sezzle’s evolution into the grocery sector meets the increasing demand from shoppers to use BNPL for...

Mexico-Based Aplazo Raises $70 Million for Omnichannel Payment Platform

May 13, 2024
Aplazo has raised $70 million in equity funding, including a $45 million Series B, to continue building its omnichannel payment platform. The Mexico-based company will also use artificial intelligence (AI)...