Sweden-based flexible payments provider Klarna has extended its relationship with Apple to two new countries. The company’s pay-later products are now available for consumers checking out on Apple Pay in France and Italy, Klarna announced Tuesday (Dec. 9). This brings the Klarna-Apple Pay collaboration to a total of eight major markets,...
Digital bank and payments firm Klarna is expanding its new membership plan to the U.S. The Sweden-based company introduced its Premium and Max plans in Europe and the U.K. in October and announced in a Thursday (Dec. 4) news release that it is now rolling out those programs...
Generation Z consumers are not only saving more; they’re reshaping how financial activity moves, stores and circulates online. Their behavior is challenging long-standing assumptions in banking and payments. Their habits look familiar on the surface, yet the underlying rails look nothing like the systems used...
State attorneys general from Connecticut and North Carolina have opened an inquiry into the U.S. buy now, pay later (BNPL) sector, putting the industry’s largest providers on notice. Led by Connecticut Attorney General William Tong, a seven-state coalition has requested detailed information from Affirm, Afterpay,...
Lufthansa Group customers in several countries can now choose Klarna’s flexible payment options when booking travel experiences. The options allow the airline group’s travelers to pay in full, pay later or pay over time, according to a Thursday (Nov. 27) press release. Lufthansa Group began...
David’s Bridal has added buy now, pay later at the altar of wedding spend, rolling out Sezzle in all of its stores as couples face rising costs and tighter planning timelines. The move drops a specialist BNPL provider directly into one of bridal retail’s largest...
Buy now, pay later (BNPL)’s rapid expansion across retail, travel, healthcare and even everyday essentials has made it one of the fastest-growing credit products in the United States, but its growth is increasingly shaped by changing legal and regulatory boundaries. Legal and Regulatory Questions Remain...
PayPal Holdings and global investment firm KKR renewed their agreement in which KKR’s credit funds and accounts purchase PayPal’s European buy now, pay later (BNPL) receivables. The new agreement includes a replenishing loan commitment of up to 6 billion euros (about $7 billion) under which...
A shift is taking hold inside the pay later economy, and it is not the one that most observers expected. The real action is not only in buy now, pay later services. It is in the rapid rise of installment plans tied to credit cards....