For millions of households, rent is the anchor expense that dictates everything else. PYMNTS Intelligence has estimated that housing absorbs 37% of take-home pay for consumers earning under $50,000 annually, compared with about 13% for households above that income threshold, underscoring how sharply rent constrains...
Buy now, pay later (BNPL) provider Affirm has partnered with FinTech company Esusu to enable some people to pay their rent in two installments, CNBC reported Thursday (Jan. 22), citing an Affirm spokesperson. Get the Full Story Complete the form to unlock this article and...
Americans are no longer just spreading payments over time. They are spreading risk, timing and lifestyle choices as rising costs reshape how discretionary spending actually happens. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Flexible payment provider Affirm is updating its underwriting to include richer real-time signals such as account balances and cash flow trends. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Merchants using Gr4vy’s cloud-based payment orchestration platform can now offer Affirm’s flexible payment options to eligible customers through online and mobile channels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
On the eve of the COVID-19 pandemic, large banks were jolted by the sudden rise of a new credit alternative. That 2019, buy now, pay later option from specialized providers like Klarna, Affirm and AfterPay took off with cash-strapped consumers. BNPL sought to compete with...
Revolve Group, a fashion retailer for millennial and Generation Z consumers, now offers Affirm’s flexible payment options to shoppers in Canada and the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Sweden-based flexible payments provider Klarna has extended its relationship with Apple to two new countries. 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...
Digital bank and payments firm Klarna is expanding its new membership plan to the U.S. 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....