Flexible payments firm/digital bank Klarna says it has landed $26 billion in new funding. That’s the result of a multi-year agreement with financial services and investment firm Nelnet, the company announced Friday (Aug. 15). Under this arrangement, Klarna will sell up to $26 billion in...
Affirm is launching two integrations aimed at expanding its buy now, pay later (BNPL) options across both online and in-person retail, deepening its ties with Google and Stripe. On Tuesday (Aug. 12), the San Francisco-based payments company said U.S. shoppers using Google Chrome’s desktop browser...
Countries in Southeast Asia are reportedly in the midst of a pay-later boom. That’s according to a report late Wednesday (Aug. 6) from Bloomberg News, which says that Indonesia, Malaysia and Thailand have all been increasing regulation and warning consumers about the cost and risk associated with...
An effort by FICO to include consumers’ buy now, pay later (BNPL) activity in credit scores has reportedly hit a snag. Two providers of installment payment programs — Klarna and Afterpay — said they won’t share loan data with credit bureaus until they know their...
About sixty years ago, credit cards changed shopping by solving a simple problem: they let people buy now and pay later anywhere the cards were accepted. In the decades that followed, issuers layered on convenience, security and the lure of points, cash back and perks...
Splitit and Ant International’s Antom have partnered to enable merchants to offer their customers a card-linked installment payment option. The companies will launch this offering in the United States and then expand it globally, they said in a Tuesday (July 29) press release emailed to...
Buy now, pay later (BNPL) options have become deeply embedded in the financial lives of consumers in the United States, influencing everything from daily grocery runs to major appliance purchases. The PYMNTS Intelligence report “Decoding BNPL Users: Necessity, Convenience and Risk Signals” examines the evolving...
To say that Synchrony Financial double-clicked on new partnerships and BNPL in its earnings call Tuesday (July 22) is an understatement. Because in fact, it triple-clicked. And according to Synchrony CFO Brian Wenzel, that new focus on new payment products and features is part of...
The United Kingdom’s Financial Conduct Authority proposed new protections for buy now, pay later borrowers that would take effect when BNPL comes under the regulator’s remit on July 15, 2026. The proposals would require lenders to check that people can afford to repay BNPL loans,...