As consumers struggle to make ends meet, the burden of unexpected car repairs can be overwhelming. David Meniane, CEO CarParts.com, said in a recent interview that, though it’s tough to gauge where we are in the macro-economic cycle, there are some longstanding trends in place. ...
Millennials’ financial well-being might be a bit shaky — or soon will be. The pause on student loan payments is set to end, and the much-anticipated loan forgiveness floated by the President Joe Biden administration was struck down by the Supreme Court. That means that...
Payments platform Sezzle has been named one of CNBC’s top FinTechs. The award for the World’s Top Fintech Companies 2023, announced Wednesday (Aug. 2), places Sezzle among those companies “building innovative, tech-enabled and finance-related products and services,” as CNBC put it on its website. According to a news...
Hong Kong-based airline Cathay Pacific has chosen Affirm as its U.S. “pay-over-time” partner. The partnership, announced Thursday (July 27), lets the air carrier’s customers use Affirm’s buy now, pay later (BNPL) offering to purchase tickets and pay for them in installments. When selecting Affirm at checkout, Cathay Pacific customers can divide...
The build vs. buy debate is a perennial one in technology, and in payments. For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to more consumers, and to broaden its own portfolio of payment options — specifically in the...
Klarna has partnered with British department store Liberty to add its flexible and interest-free payment options to the online store. This partnership aims to help Liberty customers save time and money when making high-end purchases by using the Swedish FinTech company’s buy now, pay later (BNPL) option, Klarna...
B2B payments company Mondu has partnered with payments specialists Acquired.com. Through Acquired’s network, Mondu’s suite of B2B payment services will be available to customers across the United Kingdom and Europe, the companies said in a Thursday (July 20) press release. This strategic collaboration will bring...
Buy now, pay later (BNPL) plans seem to be everywhere, but the greenfield opportunity remains relatively untapped. In “Banking on Buy Now, Pay Later: Installment Payments and FIs’ Untapped Opportunity,” a PYMNTS and Amount collaboration, we found that 50 million consumers used BNPL through 2022....
Australian buy now, pay later provider Zip says it is continuing to streamline its operations. And part of that streamlining apparently involves cutting 20% of the company’s staff, according to a Monday (July 3) Reuters report that cites local media accounts. “Following a recent review,...