The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive rule issued last May further legitimizes short-term installment loans as an increasingly mainstream form of credit. At the same time,...
The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and being able to afford necessities. But a spate of recent announcements underscores the widespread appeal of paying over time —...
Klarna will be offered as a default payment method to merchants using the WooPayments solution offered by eCommerce platform WooCommerce. Klarna is currently offered only as an alternative payment option that can be added at the request of a retailer, the companies said in a...
This year’s payment options are wider than last year’s. The PYMNTS Intelligence report “Maximizing Holiday Value: The Strategic Value of Early Pay Later Visibility,” created in collaboration with Splitit, found that consumers prefer merchants that offer the option to pay over time. They also favor...
Pay-later network Affirm says it is expanding its partnership with payments company Adyen. The expansion makes Affirm the first buy now, pay later (BNPL) provider to support Adyen’s payment solution for platform businesses, while also offering more payment options for Adyen merchants in Canada, according to a Wednesday...
More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities. Millennials, lower-income consumers, and those living paycheck to paycheck are especially vulnerable. Those are some key takeaways from the recent...
Payment network Affirm and global investment firm Sixth Street have formed a long-term capital partnership in which Sixth Street will invest up to $4 billion by purchasing Affirm loans in a three-year forward flow agreement. This capital commitment will enable Affirm to extend up to...
EBay is making Klarna’s buy now, pay later (BNPL) payment options available to its shoppers in six more European countries. Following a successful launch in Germany, this offering is now also available to eBay shoppers in Austria, France, Italy, the Netherlands, Spain and the United...
Slope launched a commercial buy now, pay later (BNPL) card solution powered by Marqeta. The new Slope Card enables brands and marketplaces to allow their B2B customers to pay in-store or online with 30- or 60-day loan options, the companies said in a Thursday (Dec....