The traditional pillars of consumer credit are undergoing a profound transformation as “pay later” options, once a niche for specific shoppers, are now redefining how Americans spend and borrow. A new PYMNTS Intelligence report, “Pay Later Revolution: Redefining the Credit Economy,” highlights this evolution, detailing...
Pay-later firm Klarna is reportedly rethinking some of its AI-centered cost-cutting. Now, CEO Sebastian Siemiatkowski told Bloomberg News in an interview posted Thursday (May 8), the Swedish startup is undertaking a hiring effort to make sure customers always have the option of talking to a human customer service rep. Siemiatkowski said...
Klarna has teamed with Clover to bring its pay-later offering to that company’s point-of-sale system. The partnership will let shoppers pick Klarna’s installment payment option at more than 100,000 merchants in the U.S., according to a Tuesday (April 15) news release. “The agreement marks a major step in Klarna’s...
PayPal says it is adding new features to its buy now, pay later (BNPL) offering. To promote this new effort, the company announced Thursday (April 10), PayPal is rolling out an ad campaign featuring comedic actor Will Ferrell, due to launch this month. “Will’s signature...
Buy now, pay later (BNPL) isn’t just a niche payment option anymore — it’s rapidly becoming a permanent fixture in how consumers budget, shop and pay, according to five industry leaders whose insights preview the new eBook, “Reimagining Consumer Finance: The Strategic Rise of Buy...
Fashion retailer Revolve Group will soon enable its customers in the U.S. to use Affirm to pay over time. The retailer will add this payment method in the U.S. in the coming days, both online and in its mobile app, and plans to then expand...
Pay-later platform Klarna has launched a partnership with rail service Eurostar. The collaboration, announced Wednesday (April 2), lets travelers in the U.K. and France split the cost of their tickets into three interest-free payments, and marks Klarna’s first time working with a train provider. “Eurostar has changed the way...
Klarna is reportedly facing backlash ahead of its $15 billion initial public offering (IPO). As the Financial Times (FT) reported Tuesday (April 1), some of that negativity stems from the Swedish FinTech’s recent buy now, pay later (BNPL) deal with DoorDash. The partnership, the report...
As this week’s “Pay Later Unpacked” virtual event draws to a close, we’ve heard a lot from the consumer-facing side of the house, as consumers are defining the use cases and payment preferences that drive this new format. We’ve heard a lot about how buy...
