The EU Council, one of the legislative bodies of the European Union, agreed on Thursday (June 9) on the revision of the consumer credit directive (CDD), paving the way for the interinstitutional negotiations that may start by the end of June. Get the Full Story...
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Buy now, pay later (BNPL) company Afterpay has teamed up with HBX, Hypebeast’s eCommerce platform, to help shoppers afford luxury and streetwear clothing brand purchases. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Digital bank Zopa is hoping to capitalize on the United Kingdom’s buy now, pay later (BNPL) market — worth 6 billion British pounds (about $7.5 billion) — with a new suite of regulated products of its own, according to published reports Wednesday (June 8). Get the...
Buy now, pay later (BNPL) has been around in some format for a very long time, but the current version hit the financial scene somewhere around 2014 or so when Klarna and Affirm scooped up millennials and Gen Z customers happy to skip interest and...
When a House Subcommittee on Financial Services hearing titled “Buy Now, Pay More Later?” was convened last November, it was clear that rising installment debt is a concern at high levels. It’s heating up more now, and market watchers see big changes ahead. Get the...
Spirit Airlines and Uplift, a buy now, pay later (BNPL) solution, are partnering to provide consumers with the ability to pay for flights in installments, according to a press release Wednesday (June 1). Get the Full Story Complete the form to unlock this article and...
An increase in delinquencies, combined with a slowing economy, could spell trouble for the future of buy now, pay later (BNPL) companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Card issuing platform Marqeta is partnering with buy now, pay later (BNPL) firm Klarna to launch a physical Visa card that consumers can use to pay for purchases interest-free over four installments, either in-store or online. Get the Full Story Complete the form to unlock...