BNPL

BNPL
Zilla Pauses BNPL Services, Focuses on International B2B Payments
January 23, 2024

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...

BNPL
1 in 4 BNPL Users Would Like Providers to Lower Fees
January 11, 2024

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...

BNPL
New Study Finds Acquirer Confusion Clouds Installment Plan Landscape
December 21, 2023

Merchants affiliated with acquirers offering installment plans are interested in their potential to boost sales, as consumers may make larger purchases if they can spread out the payments over time. Although 56% of acquirers claim they facilitate general-purpose credit card installment plans before or during...

BNPL
BNPL Holiday ‘Hangover’ Worries May Prove to Be Tempest in Teapot
December 20, 2023

First comes the holiday spending. Then comes the holiday spending hangover — the credit crunch that leaves consumers scrambling to meet, if they can, the newly accumulated repayment obligations. The situation might be a dire one, as individuals find they’ve stretched themselves with the spirit...

BNPL
Affirm Brings Installment Payments to Walmart Self-Checkout
December 19, 2023

Buy now, pay later (BNPL) provider Affirm has expanded its long-standing partnership with Walmart. With this expansion, Affirm pay-over-time options will be added to self-checkout kiosks at more than 4,500 Walmart stores in the U.S., the company announced Tuesday (Dec. 19). “Recent Affirm research revealed that more than half of...

BNPL
Subscription Merchants Implement BNPL to Woo Budget-Strapped Consumers
December 14, 2023

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,...

BNPL
FedFinancial Federal Credit Union Partners With equipifi to Offer BNPL
December 11, 2023

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...

BNPL
Airbnb and Klarna Expand Pay Over Time Program to UK
December 11, 2023

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....

BNPL
Affirm CEO Levchin Says BNPL Helps Consumers Make Sound Decisions
December 07, 2023

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...