From Australia, the land that invented buy now, pay later (BNPL) as we now know it, comes news this week that laws are changing to treat the installment payment product as credit. The move may well make its way around the world in much the...
Buoyed by changing consumer habits in the wake of the pandemic, the buy now, pay later (BNPL) financing model has exploded in recent years, with more and more consumers and businesses embracing interest-free installment payments on purchases to avoid credit card debt. This surge in...
Ukraine war-induced supply chain disruptions coupled with a biting cost of living crisis in Europe have led to a record slump in new car sales in the last year. As James Jackson, CEO at U.K. auto startup Bumper, told PYMNTS, that slowdown in new car sales has meant...
Atlantic-Pacific Processing Systems (APPS) and Splitit have partnered to deliver buy now, pay later (BNPL) options to merchants. The partnership will bring several new programs to market that combine the capabilities of APPS’ payment solutions and Splitit’s merchant-branded Installments-as-a-Service platform, the companies said in a...
Sezzle now offers consumers the option to split purchases into two payments. The installment payment platform’s new Pay-in-2 buy now, pay later (BNPL) product lets shoppers pay 50% at the time of purchase and the remaining 50% two weeks later, Sezzle said in a Tuesday (May...
Sezzle saw its volumes increase in its most recent quarter, while seeing continued profitability. The buy now, pay later (BNPL) firm announced earnings Monday (May 15) that showed its monthly revenue increasing 25% year over year. The company said its income improved year over year...
Growth capital firm Capchase has unveiled an installment payment tool for Software-as-a-Service (SaaS) companies. Capchase Pay is a B2B buy now, pay later (BNPL) solution designed for SaaS businesses that sell via long-term, annual contracts, the company announced Thursday (May 11). According to a news...
Buy now, pay later provider Alma has launched a partnership with payments platform Numeral. The collaboration, announced Wednesday (May 10), will see Numeral automating “millions of payments” per year to merchants with the help of French bank BNP Paribas. The companies say their team-up is...
Sift through the filings, listen to the calls with management, and earnings season gives a sense of how consumers — and merchants — are embracing buy now, pay later (BNPL). The overarching theme? Despite macro headwinds and the ongoing grappling with inflation, several key metrics...