The cart doesn’t lead the horse, which is why payments innovations tend to check the boxes that end users need most. And sometimes the smallest boxes, or micro moments, can have the biggest impact. “Embedded finance solutions need to be embedded in the consumer’s flow...
This week Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), updated reporters about his agency’s efforts to scrutinize credit card reward programs. What some may have missed in the conversation were Chopra’s additional comments regarding the CFPB’s plans to also look closer at buy now, pay...
Qonto has added its first in-house financing offer, “Pay later,” to the business finance solutions it offers small and medium-sized businesses (SMBs) and freelancers. The new Pay later is a short-term financing, or buy now, pay later (BNPL), offer giving eligible customers in Qonto’s four markets...
For buy now, pay later (BNPL) applicants, PYMNTS Intelligence finds, interest rates are a key concern. By the Numbers The 2023 PYMNTS Intelligence report “The Credit Accessibility Series: BNPL’s Wide-Ranging Impact on Consumers and Merchants” drew on a survey of more than 3,100 consumers to...
While the vast majority of consumers are highly satisfied with their buy now, pay later (BNPL) experiences, PYMNTS Intelligence research finds that many Gen Z users believe that there is still room for improvement. By the Numbers For the report “Tracking the Digital Payments Takeover:...
Singapore’s ShopBack is cutting a quarter of its staff as it exits the BNPL space. CEO Henry Chan announced the cuts in a message to employees Tuesday (March 19), saying the layoffs — which will impact 195 workers, or 24% of staff — come after a sustained period of other...
Galileo Financial Technologies has launched an expansion of its buy now, pay later (BNPL) offering. The company now lets banks and FinTechs offer cardholders new post-purchase installment payment options via their existing debit or credit cards, Galileo said in a news release provided to PYMNTS Tuesday...
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...