Back in June, PYMNTS Intelligence crystallized the fact that buy now, pay later (BNPL) payment options were gaining notice and demand from a wide swath of consumers across all tiers of household income and for a broad range of purchases, from small, everyday staples to...
Consumers today have a growing number of ways to re-tool their financial health. But in a landscape where options abound, employing a personal touch can go a long way toward helping consumers achieve their desired financial lifestyle. “From a credit union perspective, one of our...
Consumers are especially inclined to use deferred payment plans to pay for apparel and accessories, PYMNTS Intelligence research reveals, be it buy now, pay later (BNPL) or credit card installments. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: What BNPL Needs...
The appeal of buy now, pay later (BNPL) is undeniable. And the field is getting more crowded with FinTechs, and, more recently, banks. While the core value proposition is that paying over time is of value to cash-flow focused consumers, there’s value too, in offering...
Many buy now, pay later (BNPL) users alter their purchasing when the payment method is not available, with PYMNTS Intelligence research revealing that millennials are disproportionately likely to trade down to cheaper items when not offered the option. By the Numbers The PYMNTS Intelligence report...
PSCU/Co-op Solutions has unveiled a new buy now, pay later (BNPL) option for credit card issuers. This solution allows cardholders to enjoy greater flexibility and convenience when making purchases, the company said in a Tuesday (Feb. 6) press release. PSCU AND Co-op Solutions merged Jan. 1 to...
As buy now, pay later (BNPL) companies tinker with different methods to drive long-term engagement, Affirm and Afterpay are rethinking their loyalty strategies. On Monday (Feb. 5), Affirm shut down its rewards program, which offered points per BNPL purchase that could be redeemed for $5...
Split-payment plans, or installment plans as they are more popularly called, have gained momentum in the consumer commerce space in recent years. These plans — not only general-purpose card plans but also split-payment plans that use merchant or store cards and buy now, pay later...
With Valentine’s Day around the corner and Christmas fairly close in the rearview mirror, consumers’ budgets are likely stretched thin. If you’re looking for a way to get your sweetie something special and pay over time without interest, buy now, pay later might be the...