NatWest to End BNPL Option Due to Lower-Than-Expected Use
March 08, 2024

NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering. This move comes less than two years after the British bank’s summer 2022 launch of the BNPL option, The Sun reported Thursday (March 7). A NatWest spokesperson told the...

Klarna IPO, Narrow Losses Hint at Brighter BNPL Industry Outlook
February 29, 2024

The booming popularity of buy now, pay later (BNPL) is being reinforced by news Tuesday (Feb. 27) that Klarna — a buy now, pay later powerhouse once regarded as a leading European FinTech — may go public via a possible $20 billion initial public offering (IPO)...

Klarna Posts Narrower Yearly Loss Ahead of Potential IPO
February 28, 2024

Klarna’s annual report shows the Swedish FinTech’s revenues rising and losses narrowing during 2023. The report, released Wednesday (Feb. 28), comes as the buy now, pay later (BNPL) company is apparently on the verge of an initial public offering (IPO). In a message included in the report,...

Zilch Unveils BNPL Plan for ‘Significant Purchases’
February 22, 2024

British buy now, pay later (BNPL) firm Zilch has launched a new credit payment product. The company says its “Pay over 3 months” product, announced Thursday (Sept. 22), does what its name implies, letting customers stretch interest-free repayments for larger purchases over three months.  “Today’s product...

Credit Unions Bank on Personal Relationships as Foundation for Payments Innovation
February 15, 2024

Consumers today have a growing number of ways to re-tool their financial health. But in a landscape where options abound, employing a personal touch can go a long way toward helping consumers achieve their desired financial lifestyle.  “From a credit union perspective, one of our...

Rewards a Work in Progress as Banks and FinTechs Compete for BNPL Loyalty
February 09, 2024

The appeal of buy now, pay later (BNPL) is undeniable. And the field is getting more crowded with FinTechs, and, more recently, banks. While the core value proposition is that paying over time is of value to cash-flow focused consumers, there’s value too, in offering...

PSCU/Co-op Solutions Unveils New BNPL Option for Credit Unions
February 06, 2024

PSCU/Co-op Solutions has unveiled a new buy now, pay later (BNPL) option for credit card issuers. This solution allows cardholders to enjoy greater flexibility and convenience when making purchases, the company said in a Tuesday (Feb. 6) press release. PSCU AND Co-op Solutions merged Jan. 1 to...

Amazon Mexico to Offer Kueski’s BNPL Product as Payment Option
January 29, 2024

Amazon shoppers in Mexico will be able to choose the buy now, pay later (BNPL) offering Kueski Pay as a payment option. The availability of this BNPL product on the platform results from a new partnership of Amazon Mexico and Kueski, a provider of BNPL...

BNPL Firms Take to Subscriptions to Boost Margins
January 26, 2024

As buy now, pay later (BNPL) firms look to drive profits beyond the small cut they take of each transaction, Klarna is the latest to turn to a subscription model to generate reliable revenue. The company announced on Wednesday (Jan. 24) the launch of Klarna Plus,...