The buy now, pay later (BNPL) market was valued at $125 billion last year. By the end of the decade, it could be worth close to $3.3 trillion, a figure that represents a compound annual growth rate (CAGR) of 44%. Where will that growth come...
The buy now, pay later (BNPL) market is skyrocketing, fueled by both increasing consumer awareness and aversion to high interest rates, particularly among younger generations. Recent PYMNTS research found that consumers’ enthusiasm for BNPL continues to grow regardless of channel. Shoppers across both physical and online environments evidence...
Resale platforms and buy now, pay later (BNPL) options offer a sustainable way for discerning consumers to make upmarket purchases in a financially responsible way. In the “Buy Now, Pay Later Tracker,” Vestiaire Collective Head of Payments Pedro Bennasar explains how BNPL’s flexibility empowers consumers...
Buy now, pay later (BNPL) is a growth industry that is already worth more than $125 billion, with projections to grow to $3.3 trillion by 2030. Some of that growth is expected to come simply from more consumers gaining awareness of the payment option, but...
Optty announced it has raised $9 million in “stealth” to develop an integration platform it is now launching to let retailers offer customers multiple buy now, pay later (BNPL) options. The Singapore-based FinTech said in a Wednesday (April 27) news release that it intends the new...
Digital retail bank and buy now, pay later (BNPL) firm Klarna is extending its global partnership with cross-border eCommerce provider Global-e to expand its installment payment services to Canada. By teaming up, merchants selling in Canada using Global-e’s platform can use Klarna’s installment payment options....
Thirty-nine percent of consumers have paid at least once using buy now, pay later (BNPL) options at a store where they held a store card, according to “The Truth About BNPL And Store Cards,” a PYMNTS and PayPal collaboration based on a survey of 2,161...
Australian buy now, pay later (BNPL) firm Zip Co says it will be more prudent in its lending and cut $30 million ($22.5 million U.S.) in costs amid a drop in BNPL share prices. As The Brisbane Times reported Thursday (April 21), Zip says its...
Mexico City-based buy now, pay later (BNPL) service Nelo announced Wednesday (April 20) it had launched an all-in-one app. “Nelo’s customers can now use Nelo at any online merchant, through a partnership with Mastercard,” the company said in a news release. “Nelo’s app is the...
