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 to unlock flexible payment options to their customers during the purchase journey, their more agile competitors...
Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on...
In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack of transparency surrounding these loans has raised concerns about the potential risks they pose to consumers and the wider economy,...
Payments platform Sezzle wants to reward users to stay on top of their bills. To that end, the company on Wednesday (May 1) announced the launch of Payment Streaks, a feature designed to let users of the company’s buy now, pay later (BNPL) offering rise through loyalty...
Klarna has partnered with luggage and travel accessories brand Away. With this collaboration, Klarna’s interest-free buy now, pay later (BNPL) options are available to Away’s customers in the United States, Canada and the United Kingdom, Klarna said in a Monday (April 29) post on LinkedIn. “At Klarna, we’re always looking...
Split-payment or installment plans such as buy now, pay later (BNPL) enable consumers to shop more strategically, buying items one day and paying for them with a set schedule of payments over time to better manage their budgets. According to PYMNTS Intelligence’s “Divided, Not Conquered:...
For Walmart, buy now, pay later (BNPL) may offer the means by which the retail giant pushes even further into financial services and toward super app status. And the low-hanging fruit for BNPL may be found at checkout for groceries and healthcare. The move, we...
Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges. ChatGPT parent company OpenAI shared Friday (April 5) that the payments network’s adoption of the technology is estimated to yield a $40 million...
With consumers forced to make budgeting decisions amid ongoing economic challenges, older millennials and younger Generation X consumers are seeing buy now, pay later (BNPL) options play a central role in their purchasing decisions. By the Numbers For the study “The Credit Accessibility Series: BNPL’s...