12% of Shoppers Would Use Embedded Lending at Favorite Stores if Offered
May 14, 2024

For a sizable share of consumers, embedded lending options such as buy now, pay later (BNPL) would be their first choice of payment method at their preferred stores, PYMNTS Intelligence reveals. As such, those that do not offer the option risk alienating their shoppers. By...

Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
May 08, 2024

Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on...

Sezzle Offers Rewards for On-Time BNPL Payments
May 01, 2024

Payments platform Sezzle wants to reward users to stay on top of their bills.  To that end, the company on Wednesday (May 1) announced the launch of Payment Streaks, a feature designed to let users of the company’s buy now, pay later (BNPL) offering rise through loyalty...

Klarna Powers BNPL for Luggage, Travel Accessories Brand Away
April 29, 2024

Klarna has partnered with luggage and travel accessories brand Away. With this collaboration, Klarna’s interest-free buy now, pay later (BNPL) options are available to Away’s customers in the United States, Canada and the United Kingdom, Klarna said in a Monday (April 29) post on LinkedIn. “At Klarna, we’re always looking...

Klarna Launches Page Comparing BNPL, Traditional Credit
April 03, 2024

Klarna has launched a new web page that shares data on its buy now, pay later (BNPL) offerings, including their repayment rates, late fee rates and consumer age demographics. This new Wikipink page aims to encourage transparency in the credit industry and drive dialogue on personal finance at...

Post-Purchase Financing Ushers In a New Era of Lending
April 01, 2024

The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can have the biggest impact. “Embedded finance solutions need to be embedded in the consumer’s flow...

28% of BNPL Applicants Motivated by No Interest Rate
March 25, 2024

For buy now, pay later (BNPL) applicants, PYMNTS Intelligence finds, interest rates are a key concern. By the Numbers The 2023 PYMNTS Intelligence report “The Credit Accessibility Series: BNPL’s Wide-Ranging Impact on Consumers and Merchants” drew on a survey of more than 3,100 consumers to...

Gen Z Proves Hardest for BNPL Providers to Please
March 21, 2024

While the vast majority of consumers are highly satisfied with their buy now, pay later (BNPL) experiences, PYMNTS Intelligence research finds that many Gen Z users believe that there is still room for improvement. By the Numbers For the report “Tracking the Digital Payments Takeover:...

ShopBack Cuts 24% of Staff Amid BNPL Retreat
March 19, 2024

Singapore’s ShopBack is cutting a quarter of its staff as it exits the BNPL space. CEO Henry Chan announced the cuts in a message to employees Tuesday (March 19), saying the layoffs — which will impact 195 workers, or 24% of staff — come after a sustained period of other...