As consumers look for ways to afford the alcoholic beverages they want, a share of buy now, pay later users are paying for their beer, wine and spirits in installments. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: What BNPL Needs...
As buy now, pay later (BNPL) firms look to drive profits beyond the small cut they take of each transaction, Klarna is the latest to turn to a subscription model to generate reliable revenue. The company announced on Wednesday (Jan. 24) the launch of Klarna Plus,...
Zilla has paused its buy now, pay later (BNPL) services in Nigeria and shifted its focus to a new international B2B payment product called Zillawire. The company paused its BNPL offering because of high interest rates and other challenges facing all consumer-facing products in the...
In recent years, the financial landscape has witnessed a transformative wave with the rise of buy now, pay later (BNPL) as a popular and widely embraced deferred payment option for consumers. This innovative approach has revolutionized traditional purchase patterns, enabling individuals to enjoy the flexibility...
Evolve, a vacation rental hospitality company, has partnered with payment network Affirm to provide pay-over-time options to travelers. Affirm will be the exclusive pay-over-time partner of Evolve, which has more than 30,000 properties in 750 markets, the companies said in a Tuesday (Jan. 9) press release. “We look...
For Bumper CEO James Jackson, a career at tech firms over the course of more than a decade has served up “lots of valuable lessons on how you scale FinTechs and how you raise capital,” as he noted to Karen Webster. But his time at PayLater,...
Buy now, pay later (BNPL) has gone mainstream. So much so that if businesses don’t provide this payment option, they might lose out on sales at checkout. This is especially important as inflation influences whether consumers choose to spend money. Jacqueline White, president of i2c, emphasized...
Nearly a quarter of British buy now, pay later (BNPL) users have been charged late fees. These fees for late repayments hit younger consumers the hardest, the Financial Times (FT) reported Tuesday (Jan. 2), citing data from the nonprofit Centre for Financial Capability (CFC), showing that 22% of...
Just a few years ago, buy now, pay later was a relatively new concept — one that’s now gone mainstream, Jacqueline White, president of i2c, told Karen Webster. In 2024, BNPL is going to be increasingly on consumers’ radars and a payment option they expect...