From its nascent stages to its maturing as a force reshaping retail and eCommerce, installment plans, particularly buy now, pay later (BNPL) services, marked a pivotal chapter in 2023. Amid high inflation and rising costs, the payment method allowing consumers to access goods through short-term, interest-free...
The holidays are over; now it’s time to get what you really wanted for Christmas. If you’re looking to buy something now and pay over time, PYMNTS’ Provider Ranking of Buy Now, Pay Later is here to help. Some apps are tied in the ranking...
There’s an old story, possibly apocryphal, where F. Scott Fitzgerald tells Ernest Hemingway: The rich are different from you and me. Replies Hemingway: “Yeah, they have more money.” The exchange springs to mind as buy now, pay later (BNPL) sweeps the globe, and is finding...
Saudi Arabia-based buy now, pay later (BNPL) platform Tamara has become that nation’s first unicorn. The company announced Monday (Dec. 18) that it had closed a $340 million Series C round, giving it a valuation of $1 billion. The term “unicorn” refers to a startup with...
One constant through the past few months, even in the paycheck-to-paycheck economy, has been the urge to travel, to get away from it all, to cross borders and to have new experiences. But there’s a marked evolution in how we finance those trips — by...
Klarna says it has teamed with business-to-business (B2B) car rental solutions company CarTrawler. The partnership, announced Wednesday (Dec. 13), lets travelers use Klarna’s buy now, pay later (BNPL) offering to pay for car rentals when booking on more than 70 airlines and 250-plus travel websites. “Consumer demand for innovative,...
Equipifi will add a new white-label buy now, pay later (BNPL) option for debit card issuers in 2024. The new Pay-in-4 option will allow consumers to convert transactions to installment plans at no interest, to be paid back in four equal payments every two weeks,...
Concert tickets are expensive, even if you’re not a Swiftie angling for a seat at the Eras tour or a golden oldie seeking Stones tickets (sponsored by the AARP, naturally). Travel isn’t cheap, and neither is clothing. Drew Olson, senior director at Google Pay, told...
The Office of the Comptroller of the Currency (OCC) has issued a guidance to national banks and federal savings associations addressing buy now, pay later (BNPL) lending. “The OCC expects banks that offer BNPL loans to do so in a manner that is safe and sound, provides fair access...
