PayPal formed a two-year, multibillion-dollar pact with asset manager Blue Owl Capital. Under the partnership, funds managed by Blue Owl will purchase roughly $7 billion in loans from PayPal’s “Pay in 4” buy now, pay later (BNPL) program, the payments giant said in a Wednesday...
Consumers can now access Affirm’s payment options when making in-store purchases with Apple Pay on iPhone in the United States. The move marks an expansion of a capability that was already available when checking out with Apple Pay online and in-apps, Affirm said in a...
Specialty apparel retailer Gap Inc. now offers Klarna’s payment options to U.S. shoppers across its four brands, including Old Navy, Gap, Banana Republic and Athleta. When shopping online or in-app, U.S. shoppers can now access Klarna’s Pay in Full and Pay in 4 payment options,...
Klarna made its expected big splash on Wednesday (Sept. 10) with its New York Stock Exchange debut, raising roughly $1.37 billion at an IPO price of $40 per share, and sending its stock soaring about 30% to an opening price of $52, valuing the firm...
Shoppers in the United States aren’t just swiping their credit cards; they’re splitting them. The PYMNTS Intelligence report “Split Shift: How Card Installments Are Reshaping the Pay Later Landscape” shows that the rise of installment plans on general-purpose and store-branded cards is beginning to reshape...
Financial institutions using Jack Henry’s SilverLake System banking platform can now deploy equipifi’s buy now, pay later (BNPL) solution. This capability results from equipifi joining the Jack Henry Fintech Integration Network, which helps Jack Henry’s customers deploy third-party products, the companies said in a Thursday (Sept. 4) press release....
Earnings season has offered up a snapshot of the sweeping impact buy now, pay later (BNPL) payments are making in commerce, as they are now firmly mainstream, and are gaining omnichannel scale as consumers increasingly use BNPL both online and at physical stores. Rounding up...
Flexible payments firm Klarna has brought its payment solution to Walmart Canada. The roll-out, announced Monday (Aug. 25), makes Walmart Canada and its 400-plus stores the largest retailer in that country to host Klarna’s flexible payment offerings. “We’re always looking for innovative ways to enhance the shopping experience and provide...
Klarna secured a warehouse financing facility with Santander that provides a total funding capacity of up to 1.4 billion euros (about $1.6 billion). This marks the company’s first such facility with Santander as the sole lender and helps Klarna diversify its funding sources and support...