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...
The end of the month is speeding toward the buy now, pay later (BNPL) industry — and with it, new rules and regulations regarding consumer disputes and new operational burdens in the drive toward compliance. The Consumer Financial Protection Bureau’s (CFPB) rule classifying BNPL as...
Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s credit statement viewed by PYMNTS: “Effective October 10, 2024, you will not be able to...
Sezzle has added Spanish language capability to its buy now, pay later (BNPL) app and checkout. This capability is meant to appeal to the 40 million Americans who speak Spanish, the company said in a Tuesday (July 16) press release. “At Sezzle, we’re committed to...
European financial service provider Mollie has partnered with buy now, pay later (BNPL) provider Riverty to offer a 30-day invoicing solution to Mollie customers. With this solution, Mollie customers in the Netherlands, Belgium, Germany and Austria can offer end users the option to pay later,...
Adobe Commerce merchants can now offer their customers Klarna’s buy now, pay later (BNPL) services and other flexible payment options. The partnership will help these merchants meet the growing demand for BNPL, the companies said in a Tuesday (July 2) press release. “Klarna’s global footprint...
With buy now, pay later (BNPL) plans becoming increasingly accepted across merchant sectors, retailers are proving to be the payment method’s biggest champion. A PYMNTS Intelligence report, “Merchants’ Evolving Perspective on the Value of Card-Linked Pay Later Plans,” created in collaboration with Splitit, drew from...
As buy now, pay later (BNPL) options become more common around the world, the Land Down Under is leading the charge by a considerable margin. By the Numbers On Wednesday (June 26), PYMNTS Intelligence released this year’s edition of the “How the World Does Digital”...