Sezzle reported in its fourth quarter earnings that it had seen a 76% increase in active merchants year over year. There were 47,000 merchants now making use of the BNPL platform. In addition, active consumers also grew by 51.5% year over year. The report from...
PayPal is launching an extension to its Pay Later option in Germany with its Payment After 30 Days service that enables users to pay for purchases up to 1,000 euros ($1115) in 30 days without incurring any additional costs, according to a press release on...
Installments loans we know as buy now, pay later (BNPL) have broad appeal, and months of research into how different types of consumers use BNPL services is revealing unique patterns. Uptake by consumers living paycheck to paycheck is understandably strong, while increasing usage of BNPL...
Experian is launching The Buy Now Pay Later Bureau this spring, which the Irish credit data company calls a “first-of-its kind” operation designed to protect consumer credit scores from and drive more inclusive and responsible lending. The announcement, published Wednesday (Jan. 26) on the Experian...
Buy now, pay later (BNPL) firm Afterpay has formed partnerships with Nordstrom, Calvin Klein and Tommy Hilfiger, with Nordstom already offering Afterpay’s service online and in-store. “We are constantly evolving to enhance the customer experience both in-store and online at Nordstrom and Nordstrom Rack,” Dennis...
The only sureties in life, it is said, are death and taxes. We can add higher interest rates to the list. As stocks gyrate wildly on Wall Street, the Federal Reserve is poised to raise rates “soon” (possibly as soon as its next meeting in...
Affirm’s app has become a super app, the buy now, pay later (BNPL) network announced Wednesday (Jan. 26). The Affirm SuperApp is one of two new additions to the company’s product suite, along with a Google Chrome browser extension. The former puts all of Affirm’s...
Buy now pay later (BNPL) banking platform Klarna is introducing a physical Visa card in the U.K. that already has a waitlist of 400,000, according to a blog post on Wednesday (Jan. 26). With the Klarna Card users can pay in up to 30 days...
The year 2021 proved to be monumental for the buy now, pay later (BNPL) market, with usage more than doubling by the end of the year. BNPL plans are still nascent compared to traditional payments methods, such as credit and debit cards, but the...
