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...
Global digital bank and flexible payments provider Klarna has revamped its membership tiers in Europe, adding new perks, removing service fees and increasing cash-back rewards, the company said in a Thursday (Aug. 13) press release. Klarna will roll out its new membership plans over the...
Home service professionals using the Housecall Pro platform can now offer their customers Klarna’s payment solutions, Klarna said in a Wednesday (Aug. 12) press release. Klarna’s payment solutions available through Housecall Pro’s field service platform include pay in full, interest-free Pay in 4 and longer-term financing, according to the release. These solutions give homeowners...
Synchrony and PayPal now offer PayPal Credit Card cardholders special financing everywhere Mastercard is accepted. This special financing is now available both in online checkout and in stores across the Mastercard network. It offers six months special financing on purchases of $149 or more, with...
Automotive service providers that use 1stMILE’s automotive commerce platform can now offer their customers Splitit’s flexible point-of-sale installment payments. With the new 1stMILE Buy Now, Pay Later powered by Splitit, the merchant receives full payment up front, while the customer can split eligible purchases into...
Merchants may treat buy now, pay later (BNPL) as a standard checkout option, but state licensing rules could determine where particular installment plans can actually be offered. Oregon is the latest example. The state’s Division of Financial Regulation (DFR) has proposed a bulletin telling nonbank...