BNPL

BNPL
39% of Millennials Say They’ve Used BNPL as a Payment Option in the Last Year
September 30, 2024

Buy now, pay later (BNPL) has emerged as a compelling payment option, particularly among millennials. This shift presents an opportunity for subscription merchants to enhance their offerings, potentially increasing revenue and creating long-term customer loyalty. A PYMNTS Intelligence report, “‘Adjustable’ Is the New ‘Agreeable’: BNPL Flexibility...

BNPL
Adyen to Include Klarna BNPL Offering on In-Store Terminals
September 26, 2024

Klarna is expanding its in-store buy now, pay later option via a partnership with Adyen. The collaboration will bring Klarna’s installment payments on Adyen’s physical payment terminals at stores in North America, Europe and Australia, per a Thursday (Sept. 26) press release. Klarna said Adyen is the...

BNPL
Stripe and Sunbit Team to Expand BNPL Offerings for In-Person Services
September 24, 2024

Installment payment FinTech Sunbit says it has launched a collaboration with payments platform Stripe. The partnership, announced Tuesday (Sept. 24), is designed to bring buy now, pay later (BNPL) offerings to more in-person services, such as auto repair and dental work. “In today’s financial environment,...

BNPL
CFPB’s FAQs on BNPL Hint at Key Areas of Regulation and Controversy
September 20, 2024

Perhaps the most frequently asked question that will come in the wake of the Consumer Financial Protection Bureau’s (CFPB’s) publication of a “frequently asked questions” (FAQs) page pertaining solely to buy now, pay later (BNPL) lenders might be this one: “What comes next?” The FAQ...

BNPL
Affirm CEO Says Retailers Aim to Attract Holiday Shoppers With BNPL
September 19, 2024

Retailers are increasingly interested in offering buy now, pay later (BNPL) options to consumers, Affirm CEO Max Levchin said Thursday (Sept. 19). More shoppers are using BNPL to finance their spending, so retailers are willing to absorb the costs of BNPL as a way to offer zero-interest...

BNPL
Report: Cherry Considers Offering Bonds Tied to BNPL for Cosmetic Surgery
September 16, 2024

Cherry is reportedly gauging investors’ interest in a potential bond tied to buy now, pay later (BNPL) loans for dental or medical aesthetic treatments like cosmetic surgery. The startup payment company is setting up meetings over the coming weeks, Bloomberg reported Monday (Sept. 16), citing unnamed sources....

BNPL
Citi Includes ‘Flex Pay’ Option on Its Travel Booking Platform
September 12, 2024

Citi has launched its buy now, pay later (BNPL) offering, Citi Flex Pay, on its travel booking platform, Citi Travel. The combination of these offerings allows Citi cardmembers to book a getaway and pay for it, without having to pay fees or interest for 12...

BNPL
Affirm CEO Says Interest Rate Cut Could Drive BNPL Usage
August 28, 2024

As consumers navigate a challenging economic environment, they are increasingly adopting buy now, pay later (BNPL) options to manage their spending. Affirm, a leading BNPL provider, reported Wednesday (Aug. 28) in its fourth quarter fiscal 2024 financial results that it saw 31% year-over-year growth in...

BNPL
Zip Eyes Apple Partnership as BNPL Use Grows
August 27, 2024

Australian buy now, pay later (BNPL) firm Zip is reportedly considering a partnership with Apple. That collaboration would integrate Zip’s installment payments offering with Apple in the U.S., CEO Cynthia Scott told the Wall Street Journal (WSJ). The company also plans to announce pacts with...