The appeal of stretching out one’s cash flow — making payments over time rather than all at once, and pressuring bank accounts or boosting interest-bearing debt levels — has long been a highlight of PYMNTS’ continuing reports on buy now, pay (BNPL) later plans. Get...
Klarna is reportedly selling a portfolio of installment loans as it prepares to go public. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
The Consumer Financial Protection Bureau (CFPB) said there is a need for more research into buy now, pay later (BNPL) after finding that BNPL borrowers held higher balances on other credit lines. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Pay later plans are transforming how consumers manage their spending and how merchants engage with their customers. And there is a consistent theme: Adoption of installment options boosts consumer satisfaction and merchant sales. Get the Full Story Complete the form to unlock this article and...
The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive rule issued last May further legitimizes short-term installment loans as an increasingly mainstream form of credit. Get the Full Story...
The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and being able to afford necessities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Pay-later network Affirm says it is expanding its partnership with payments company Adyen. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...
More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities. Millennials, lower-income consumers, and those living paycheck to paycheck are especially vulnerable. Get the Full Story Complete the form to...
Payment network Affirm and global investment firm Sixth Street have formed a long-term capital partnership in which Sixth Street will invest up to $4 billion by purchasing Affirm loans in a three-year forward flow agreement. Get the Full Story Complete the form to unlock this...
