Consumers around the world are confining themselves to their homes and feeling the urge to invest in luxury items and home improvement projects to spruce up their surroundings — despite economic concerns. This has led to growing interest in buy now, pay later (BNPL) installment...
Global payment and shipping service Klarna has reached a new milestone with 7.85 million U.S. customers, according to a press release. The company credits the achievement to its multitude of partnerships with a variety of companies, including H&M, Sephora, Timberland, The North Face, Shein, Fender,...
The past several months have been largely defined in the retail world by merchants and brands making quick digital pivots to stay afloat in an environment that’s gone from “digital sometimes” to “digital mostly.” It’s certainly been a tumultuous period, Anthony Eisen, co-founder and CEO...
Payments choice is emerging as more than just added eCommerce utility. Merchants expanding payment options are finding this an important differentiator, a major value-added benefit, seemingly tailor-made for the uncertain economic times we’re suddenly living through. Retailers didn’t embrace “buy now, pay later” options with...
Consumer spending has sharply declined since the COVID-19 pandemic led to worldwide economic closures. The U.S. Department of Commerce recently reported that spending in the country fell 7.5 percent from March to April, representing an approximately $1.1 trillion drop in companies’ revenues and one of the...
Since launching in the U.S. two years ago, the Australia-based buy now, pay later (BNPL) startup Afterpay has attracted more than nine million people, with over five million currently active and one million new users joining during the 10-week pandemic lockdown. “At a time in...
Consumers have largely turned to eCommerce since efforts to slow the spread of COVID-19 shuttered brick-and-mortar stores. Online purchases increased 30 percent between March and mid-April compared to the same period last year. This figure may lead some to assume those affected simply switched to...
Many consumers in Australia, the United Kingdom, the United States and other markets are experiencing financial distress as a result of the COVID-19 pandemic, and spending behaviors are shifting to reflect this. More consumers are spending online rather than making potentially risky trips to brick-and-mortar...
Klarna, Sweden’s FinTech startup, has partnered with beauty retailer Sephora, according to a press release. Customers shopping for the makeup, fragrances and skin care products on Sephora’s website are now able to take advantage of Klarna’s installment option. It allows shoppers to pay in four...
