Consumers are especially inclined to use deferred payment plans to pay for apparel and accessories, PYMNTS Intelligence research reveals, be it buy now, pay later (BNPL) or credit card installments. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: What BNPL Needs...
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...
Many buy now, pay later (BNPL) users alter their purchasing when the payment method is not available, with PYMNTS Intelligence research revealing that millennials are disproportionately likely to trade down to cheaper items when not offered the option. By the Numbers The PYMNTS Intelligence report...
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...
As buy now, pay later (BNPL) companies tinker with different methods to drive long-term engagement, Affirm and Afterpay are rethinking their loyalty strategies. On Monday (Feb. 5), Affirm shut down its rewards program, which offered points per BNPL purchase that could be redeemed for $5...
Split-payment plans, or installment plans as they are more popularly called, have gained momentum in the consumer commerce space in recent years. These plans — not only general-purpose card plans but also split-payment plans that use merchant or store cards and buy now, pay later...
With Valentine’s Day around the corner and Christmas fairly close in the rearview mirror, consumers’ budgets are likely stretched thin. If you’re looking for a way to get your sweetie something special and pay over time without interest, buy now, pay later might be the...
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...
People using buy now, pay later (BNPL) are favoring these options and incorporating them into their financial choices. This growing trend has led BNPL providers to discover unexpected success in categories they may not have initially anticipated, creating new avenues for revenue in the process. ...