BNPL

BNPL
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)...

BNPL
Who Uses Credit to Buy Groceries? The Answer Might Surprise You
February 29, 2024

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...

BNPL
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,...

BNPL
Tabby Launches Subscription Service That Expands Acceptance of BNPL
February 26, 2024

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...

BNPL
PayTabs Egypt and Souhoola Partner on BNPL for eCommerce Merchants
February 26, 2024

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....

BNPL
Shoppers Tap BNPL for Health and Beauty Purchases
February 23, 2024

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...

BNPL
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...

BNPL
Fed Data Reinforces BNPL’s Appeal for Consumers Across the Income Spectrum
February 16, 2024

Back in June, PYMNTS Intelligence crystallized the fact that buy now, pay later (BNPL) payment options were gaining notice and demand from a wide swath of consumers across all tiers of household income and for a broad range of purchases, from small, everyday staples to...

BNPL
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...