The cryptocurrency XRPayNet says it wants to compete with companies like Klarna and AfterPay and offer customers what it calls one of the first buy now, pay later (BNPL) options in the crypto industry. The company announced the XRPayNet app in a news release Monday...
On Jan. 6, the U.K. Treasury closes a public consultation on buy now, pay later (BNPL), with the clear intention of bringing BNPL products into a regulated legal framework. As they benefit from an exemption in the law for short-term credit-free credits, BNPL products are...
In 2021, we became acquainted with the “second-chance consumer” who uses buy now, pay later (BNPL) alternative credit to build or rebuild FICO scores. Anther cohort of BNPL fans doesn’t need a financial second chance. They’re drawn to BNPL for other reasons. In The New...
In retrospect, there are the trends, the seismic shifts in the payments landscape that seem “obvious” and that we might have spotted a mile away. Think, then, of buy now, pay later: arguably the payments standout of the past year. The underpinnings, the tailwinds, were,...
More retailers are making a buy now, pay later (BNPL) option available at checkout, as they are finding that the increasingly popular payment method allows them to sell to customers they otherwise may not be able to reach. Among those customers are those who do...
Roughly one-quarter of Americans making anywhere from $50,000 to more than $100,000 per year have found themselves cut off from traditional credit due to past histories, but their money still spends. Giving these solid earners a second chance at credit is turning into a huge...
Aside from the pure convenience they offer, most buy now, pay later (BNPL) operators position themselves as a way for consumers to make a payment without having to use their credit card or dip into savings. It’s a solid value proposition with proven universal appeal...
Credit reporting agency Equifax is putting a plan in place next year to add buy now, pay later (BNPL) plans to credit reports, which hasn’t always happened before, The Wall Street Journal (WSJ) reported. The plan will give lenders a better picture of peoples’ financial...
The Consumer Financial Protection Bureau said Thursday (Dec. 16) it wants details from several high-profile buy now, pay later (BNPL) firms — Affirm, Afterpay, Klarna, PayPal and Zip — regarding the pros and cons of flexible payment options, according to a CNBC report Friday (Dec....
