Grab Holdings is acquiring a controlling stake in Singapore-based buy now, pay later (BNPL) provider Atome Financial. The $1.49 billion deal will combine Atome’s businesses — including BNPL loans and cards, consumer loans, and digital lending — with Grab’s financial services business, the company said in a...
Amusement resort operator Six Flags is pushing into the buy now, pay later space, according to a Monday (Sept. 7) press release. The company teamed with FinTech Upgrade to introduce Flex Pay, which lets guests buy season passes and pay over time in fixed monthly...
Commerce Software-as-a-Service (SaaS) platform Shopline has chosen Spilit as its card-linked installment payments partner, according to a Wednesday (Sept. 2) press release. The collaboration will embed Splitit’s technology into the Shopline platform, letting merchants activate installment payments while allowing consumers to pay over time using...
The head of buy now, pay later provider Affirm says gas prices are weighing on consumers. “The U.S. consumer undoubtedly sees the higher gas prices, so can’t, can’t ignore that,” Max Levchin said in an interview with CNBC’s “Squawk Box” Friday (Aug. 28). “They’re also...
Australian shoppers can now select installment payments powered by Affirm when they click on Shopify’s Shop Pay button, Affirm said in a Thursday (Aug. 27) press release. This capability is enabled by the global partnership of Affirm and Shopify, in which the companies launch Shop...
Affirm’s latest quarter shows buy now, pay later (BNPL) moving deeper into everyday spending, where affordability depends less on financing one large purchase and more on giving consumers flexibility across a growing number of transactions. That pattern showed up clearly in the numbers for the...
New York regulators moved the state’s sweeping buy now, pay later (BNPL) law closer to implementation with a proposed rule that would regulate how consumers manage these loans through lenders’ websites and mobile applications. The new proposal builds on earlier rules governing the cost and...
Consumers who spread their purchases across several buy now, pay later (BNPL) providers are also the ones most prepared to pay for something BNPL was built to avoid: interest. That distinction may impact how far the product can move beyond Pay in 4. The PYMNTS...
Airwallex is adding Affirm’s installment payment options to its checkout platform, giving merchants in 35 countries a way to offer pay-over-time financing to eligible customers in the United States. Under the partnership announced Thursday (Aug. 13), merchants using Airwallex can make Affirm available at checkout...