Installment payment solution Splitit has teamed with card issuance provider Highnote. The partnership, announced Monday (March 10), will employ Highnote’s technology to make Splitit’s buy now, pay later (BNPL) offering via digital wallets available at the point of sale for the first time. “With this...
Banking giants are trying to catch up to FinTechs in offering pay later services. A report Saturday (March 8) by the Financial Times (FT) examines this trend, using the example of JPMorgan Chase’s recent partnership with Klarna to offer installment loans to its 900,000 business...
The use of pay later plans has grown as consumers seek more flexible payment options. The PYMNTS Intelligence eBook “10 Impact Statements: The 2024 Pay Later Report” explored how these installment plans are being used, who benefits from them and the reasons behind their adoption....
Heavy engagement with the Sezzle platform and a surge in buy now, pay later (BNPL) demand during the holiday shopping season drove the company’s revenues and other metrics ahead of expectations, in results released after market close on Tuesday (Feb. 25). The fourth quarter saw...
Australia-based buy now, pay later (BNPL) provider Zip said Tuesday (Feb. 25) that demand from consumers and merchants drove its growth in the most recent half. The company’s growth was especially strong in the United States, where it aims to serve consumers who are unable...
Buy now, pay later (BNPL) network Affirm has expanded its partnership with eCommerce infrastructure company Shopify. The renewed agreement, announced Thursday (Feb. 20), makes Affirm the exclusive pay-over-time provider for Shopify’s Shop Pay Installments program in the U.S. and Shopify’s home country of Canada, with...
Earlier this year, PYMNTS Intelligence detailed that pay-later options were drawing widespread use among consumers versus payments via traditional credit cards. The data showed that coming into the end of 2024, 56% of consumers used installment payment options in the last year. Within the various...
J.P. Morgan Payments is expanding its buy now, pay later (BNPL) offerings in partnership with Klarna. The collaboration lets roughly 900,000 businesses offer Klarna’s installment payment options to customers, Bloomberg News reported Tuesday (Feb. 11). It also means that Klarna, preparing to go public in...
A strong holiday shopping season, coupled with the continued momentum of buy now, pay later (BNPL) options and zero interest rates, helped push Affirm Holding’s gross merchandise volumes higher. And as a result — particularly as consumers opted to pay for discretionary items, such as...