More subscription merchants are offering buy now, pay later (BNPL) options to attract budget-constrained consumers, PYMNTS Intelligence finds, with the share increasing by the month. By the Numbers The PYMNTS Intelligence study “The Replenish Economy: A Household Supply Deep Dive,” created in collaboration with sticky.io,...
Klarna says it has teamed with business-to-business (B2B) car rental solutions company CarTrawler. The partnership, announced Wednesday (Dec. 13), lets travelers use Klarna’s buy now, pay later (BNPL) offering to pay for car rentals when booking on more than 70 airlines and 250-plus travel websites. “Consumer demand for innovative,...
Equipifi will add a new white-label buy now, pay later (BNPL) option for debit card issuers in 2024. The new Pay-in-4 option will allow consumers to convert transactions to installment plans at no interest, to be paid back in four equal payments every two weeks,...
Concert tickets are expensive, even if you’re not a Swiftie angling for a seat at the Eras tour or a golden oldie seeking Stones tickets (sponsored by the AARP, naturally). Travel isn’t cheap, and neither is clothing. Drew Olson, senior director at Google Pay, told...
FedFinancial Federal Credit Union (FedFinancial FCU), which serves federal employees and their family members in Washington, D.C., and Baltimore, has launched a buy now, pay later (BNPL) solution for its members. To power this solution, which is called SpendFlex, the credit union has partnered with...
Airbnb continues the phased global rollout of its Pay Over Time with Klarna option, launching it in the United Kingdom. The online marketplace for lodging plans to offer this alternative payment method across three continents by early 2024, the companies said in a Monday (Dec....
Affirm Holdings CEO Max Levchin says the buy now, pay later (BNPL) industry offers an alternative to high-interest credit cards. This model allows customers to make purchases and pay for them in interest-free installments, providing transparency and control over their finances, Levchin told Bloomberg in...
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...