Split-payment or installment plans such as buy now, pay later (BNPL) enable consumers to spread the costs of purchases over multiple installments. Consumers appear to prefer these options. PYMNTS Intelligence data revealed that in the 12 months before being surveyed, about 3 in 5 shoppers...
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...
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)...
A couple of weeks ago, more than 123 million people tuned in to watch the Super Bowl. Analysts say that it was the most watched program ever — thanks, in part, to Taylor Swift. Armchair spectators came for the ads and the Super Bowl halftime...
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,...
Tabby, a shopping and financial services app active in Saudi Arabia, Kuwait and the United Arab Emirates (UAE), has launched a subscription service in the UAE that allows shoppers to pay in four installments anywhere using their Tabby Card. With a Tabby+ subscription, customers can...
PayTabs Egypt, a provider of digital payment solutions, partnered with Souhoola, an Egyptian buy now, pay later (BNPL) platform. Via the collaboration, PayTabs Egypt will add another BNPL option to its portfolio of payment solutions, the companies said in a Monday (Feb. 26) press release....
As consumers look to installment plans to help them afford the products they want under ongoing budgetary pressures, many are turning to buy now, pay later (BNPL) to acquire their go-to health and beauty products. By the Numbers For the study “Tracking the Digital Payments...
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...