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...
Suburban consumers have a weaker perception of financial stability than those in urban communities, making them an interesting target group for certain credit products with low adoption, such as buy now, pay later (BNPL). The study “New Reality Check: The Regional Divide Edition,” a PYMNTS...
Indian buy now, pay later (BNPL) startup ZestMoney is reportedly closing down after unsuccessful attempts to find a buyer. Once valued at $445 million, the company had attracted high-profile investors such as Goldman Sachs, PayU, Quona, Zip, Omidyar Network, and Ribbit Capital, TechCrunch reported Tuesday (Dec. 5). It...
Buy now, pay later (BNPL) has emerged as a popular credit option, enabling consumers to make purchases immediately but pay for them in smaller installments over time. This flexibility has revolutionized shopping experiences, offering convenience and greater control over spending. In “The Credit Accessibility Series:...
Buy now, pay later (BNPL) app Cashea is reportedly experiencing growth as it provides a much-needed solution to credit-starved consumers in Venezuela. The app has gained more than 1.2 million clients in the country in just over a year, Bloomberg reported Friday (Dec. 1). The...
Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm’s product is perceived differently by consumers compared to traditional loans, Michael Linford, the company’s chief financial officer, told The Wall...
Buy now, pay later (BNPL) has gained popularity in recent years among consumers and merchants alike. The payment method allows consumers to obtain goods and services upfront through short-term loans, often without any interest. Given its convenience, accessibility and affordability, BNPL is not limited to...
Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on the market to obtain funds for offering small loans and installment plans to shoppers, exposing...
As consumers turn to buy now, pay later (BNPL) to be able to afford purchases that would otherwise be outside their budgets, subscription merchants are catching on, increasingly offering the option to pay in installments. By the Numbers The report “The Subscription Commerce Readiness Report:...
