The Office of the Comptroller of the Currency (OCC) has issued a guidance to national banks and federal savings associations addressing buy now, pay later (BNPL) lending. “The OCC expects banks that offer BNPL loans to do so in a manner that is safe and sound, provides fair access...
Suburban consumers have a weaker perception of financial stability than those in urban communities, making them an interesting target group for certain credit products with low adoption, such as buy now, pay later (BNPL). The study “New Reality Check: The Regional Divide Edition,” a PYMNTS...
Indian buy now, pay later (BNPL) startup ZestMoney is reportedly closing down after unsuccessful attempts to find a buyer. Once valued at $445 million, the company had attracted high-profile investors such as Goldman Sachs, PayU, Quona, Zip, Omidyar Network, and Ribbit Capital, TechCrunch reported Tuesday (Dec. 5). It...
Buy now, pay later (BNPL) has emerged as a popular credit option, enabling consumers to make purchases immediately but pay for them in smaller installments over time. This flexibility has revolutionized shopping experiences, offering convenience and greater control over spending. In “The Credit Accessibility Series:...
Buy now, pay later (BNPL) plans have been marked by higher delinquency rates even as growth and enthusiasm for those payments offerings have soared, the Bank for International Settlements (BIS) said on Monday (Dec. 4). “The rapid ascent of BNPL could be of concern to...
Buy now, pay later (BNPL) app Cashea is reportedly experiencing growth as it provides a much-needed solution to credit-starved consumers in Venezuela. The app has gained more than 1.2 million clients in the country in just over a year, Bloomberg reported Friday (Dec. 1). The...
The holidays are in in full swing, and it can be hard to juggle financial responsibilities with the monetary demands of the season. However, with payment tools such as buy now, pay later, shoppers can have their cake and eat it (later). Here is PYMNTS’...
Australia’s younger consumers are increasingly embracing buy now, pay later (BNPL), a new survey shows. More than 40% of shoppers between 18 and 39 use the installment payment offering, the Reserve Bank of Australia (RBA) said in a study released Sunday (Nov. 26). The study, which also noted...
Marqeta has teamed with Credi2 to launch an installment payment platform for European banks. The partnership, announced Wednesday (Nov. 22), combines Credi2’s embedded lending platform with Marqeta’s card issuing offering, and comes amid a boom in popularity for installment offerings like buy now, pay later (BNPL). “Launching new payments solutions...