As consumers look for ways to manage their spending, in-store shoppers are unlikely to have the option to pay using buy now, pay later (BNPL), even as the payment method catches on digitally. By the Numbers The PYMNTS Intelligence report “Divided, Not Conquered: Acquirer and Merchant Confusion...
The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. This time around, buy now, pay later (BNPL) firms are in the Bureau’s sights — but could it be a case...
Sabre Hospitality and Uplift have partnered to enable hotels to offer their guests a buy now, pay later (BNPL) option. With this collaboration, Uplift’s pay-monthly option will be integrated into Sabre’s SynXis platform, the companies said in a Monday (May 20) press release. “Our collaboration with Uplift underscores...
Pay later plans break up the cost of purchases into smaller scheduled payments over time. These plans have gained popularity with consumers. However, PYMNTS Intelligence data reveals that some confusion on the part of merchants lingers as to which plans best meet the needs of...
Celerant Technology now enables the users of its eCommerce platform to offer their customers buy now, pay later (BNPL) options when checking out in-store as well as online. The company has implemented additional integration functionalities with Sezzle to allow these options at the point of sale, in-store, Celerant said in a Wednesday (May 15) press...
Buy now, pay later (BNPL) firm Klarna and payments service provider Nets partnered to bring more payment options to merchant clients in Sweden, Norway and Denmark. Through the collaboration, eCommerce merchants can offer their customers BNPL and installment payments without having to perform multiple technical integrations, according to a Wednesday (May 15)...
For a sizable share of consumers, embedded lending options such as buy now, pay later (BNPL) would be their first choice of payment method at their preferred stores, PYMNTS Intelligence reveals. As such, those that do not offer the option risk alienating their shoppers. By...
Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing. As FIs have struggled to unlock flexible payment options to their customers during the purchase journey, their more agile competitors...
Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though consumers still are using their cards, there have been some pullbacks by lower-income households. The Federal Reserve’s latest survey on...