As consumers navigate a challenging economic environment, they are increasingly adopting buy now, pay later (BNPL) options to manage their spending. Affirm, a leading BNPL provider, reported Wednesday (Aug. 28) in its fourth quarter fiscal 2024 financial results that it saw 31% year-over-year growth in...
Australian buy now, pay later (BNPL) firm Zip is reportedly considering a partnership with Apple. That collaboration would integrate Zip’s installment payments offering with Apple in the U.S., CEO Cynthia Scott told the Wall Street Journal (WSJ). The company also plans to announce pacts with...
Buy now, pay later (BNPL) lenders will soon be able to access a set of frequently asked questions (FAQs) to help them comply with federal laws and regulations. The Consumer Financial Protection Bureau (CFPB) plans to issue these FAQs in September, CFPB Director Rohit Chopra wrote in...
A recent PYMNTS Intelligence report, “BNPL Fuels Essential Spending Surge on Amazon Prime Day, Walmart+ Week,” compares data from this year’s Amazon Prime Day and Walmart+ Week special sales events. PYMNTS Intelligence has tracked evolving consumer behaviors during these major sales, shedding light on key...
Approved guests who book accommodations on Hotels.com can now pay over time by selecting Affirm at checkout. These guests are shown the total cost of their purchase at checkout and will never pay more than they agree to upfront, the companies said in a Tuesday (Aug. 20) press...
For Klarna, buy now, pay later (BNPL) may serve as an onramp toward building a wider financial ecosystem tied to its app — and perhaps, will give banks a run for their money (literally). The company said in a blog post on Thursday (Aug. 15)...
Zip’s buy now, pay later (BNPL) offering will be generally available later this year as a payment method for U.S. merchants using Stripe. Its availability in the United States is currently limited to beta users. These merchants will be able to enable Zip as a payment method with a...
The comments are in. The battle lines have been drawn. As the regulatory landscape shifts for buy now, pay later (BNPL) providers, a few key questions have seemingly been yet to be answered: What will the companies have to do to comply with new obligations to...
Buy now, pay later (BNPL) platform equipifi has introduced a “pre-purchase” solution called “Plan Your Purchase.” The new offering lets financial institutions offer account holders “flexible financing” before they make purchases, according to a Tuesday (July 30) press release. “There are many moments in an account holder’s...
