Buy Now Pay Later

Buy Now Pay Later
Who Uses Credit to Buy Groceries? The Answer Might Surprise You
February 29, 2024

A couple of weeks ago, more than 123 million people tuned in to watch the Super Bowl. Analysts say that it was the most watched program ever — thanks, in part, to Taylor Swift. Armchair spectators came for the ads and the Super Bowl halftime...

Buy Now Pay Later
Tabby Launches Subscription Service That Expands Acceptance of BNPL
February 26, 2024

Tabby, a shopping and financial services app active in Saudi Arabia, Kuwait and the United Arab Emirates (UAE), has launched a subscription service in the UAE that allows shoppers to pay in four installments anywhere using their Tabby Card. With a Tabby+ subscription, customers can...

Buy Now Pay Later
PayTabs Egypt and Souhoola Partner on BNPL for eCommerce Merchants
February 26, 2024

PayTabs Egypt, a provider of digital payment solutions, partnered with Souhoola, an Egyptian buy now, pay later (BNPL) platform. Via the collaboration, PayTabs Egypt will add another BNPL option to its portfolio of payment solutions, the companies said in a Monday (Feb. 26) press release....

Buy Now Pay Later
Shoppers Tap BNPL for Health and Beauty Purchases
February 23, 2024

As consumers look to installment plans to help them afford the products they want under ongoing budgetary pressures, many are turning to buy now, pay later (BNPL) to acquire their go-to health and beauty products. By the Numbers For the study “Tracking the Digital Payments...

Buy Now Pay Later
Fed Data Reinforces BNPL’s Appeal for Consumers Across the Income Spectrum
February 16, 2024

Back in June, PYMNTS Intelligence crystallized the fact that buy now, pay later (BNPL) payment options were gaining notice and demand from a wide swath of consumers across all tiers of household income and for a broad range of purchases, from small, everyday staples to...

Buy Now Pay Later
Consumers Flock to BNPL to Pay for Clothing and Accessories
February 13, 2024

Consumers are especially inclined to use deferred payment plans to pay for apparel and accessories, PYMNTS Intelligence research reveals, be it buy now, pay later (BNPL) or credit card installments. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: What BNPL Needs...

Buy Now Pay Later
1 in 4 Millennial Shoppers Trades Down When BNPL Is Unavailable
February 06, 2024

Many buy now, pay later (BNPL) users alter their purchasing when the payment method is not available, with PYMNTS Intelligence research revealing that millennials are disproportionately likely to trade down to cheaper items when not offered the option. By the Numbers The PYMNTS Intelligence report...

Buy Now Pay Later
Affirm, Afterpay Cut Rewards Programs as BNPL Firms Try New Loyalty Models
February 06, 2024

As buy now, pay later (BNPL) companies tinker with different methods to drive long-term engagement, Affirm and Afterpay are rethinking their loyalty strategies. On Monday (Feb. 5), Affirm shut down its rewards program, which offered points per BNPL purchase that could be redeemed for $5...

Buy Now Pay Later
Half of Merchants Offering Installment Plans See Increased Chargebacks as Primary Pain Point
February 02, 2024

Split-payment plans, or installment plans as they are more popularly called, have gained momentum in the consumer commerce space in recent years. These plans — not only general-purpose card plans but also split-payment plans that use merchant or store cards and buy now, pay later...