In the global view, small businesses aren’t so small. They represent 90% of all businesses and more than 50% of employment globally. And in emerging markets, they are contributing 40% of GDP. Those stats from the World Bank underscore the need for these smaller companies...
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...
As the financial landscape continues to evolve, traditional banks face an increasing challenge from digital-native FinTechs. The recent surge in buy now, pay later (BNPL) services presents both a threat and an opportunity for banks striving to regain a foothold in a market shifting toward...
As shoppers look for financial tools to help them manage their budgets, those who are struggling to make ends meet are more likely to adopt buy now, pay later (BNPL) options than their financially stable counterparts. By the Numbers The PYMNTS Intelligence report “Redefining Retail:...
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...
Klarna argues for a bespoke regulatory framework, while AARP supports the rule, emphasizing the need for consumer protections as buy now, pay later (BNPL) usage grows among older Americans. Time has expired for companies looking to comment on the Consumer Financial Protection Board’s (CFPB) interpretive...
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...
With the Consumer Financial Protection Bureau (CFPB) winding down its commentary period for potential buy now, pay later regulations, Affirm Friday (July 26) submitted a detailed response advocating for adjustments that it says will better accommodate the unique aspects of BNPL products. The CFPB’s proposed...
Great Britain is reportedly resurrecting plans to regulate buy now, pay later (BNPL) providers. It’s happening under the country’s new Labour leadership, CNBC reported Thursday (July 25), citing a government spokesperson. “Regulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the...