Watch more: Need to Know With Max Spivakovsky of SoFi Tech Solutions A consumer does not have to stop spending to become more careful about money. Debit spending offers a closer look at how consumers are balancing everyday expenses with travel and entertainment, according to...
PayPal is moving forward without a buyer, at least for now. CEO Enrique Lores is building a plan to run the payments giant as a stand-alone company after a proposed $50 billion-plus sale fell apart this summer. Many investors still doubt he can turn the...
PayPal Holdings has met with banks at a time when it is seeing unsolicited interest from would-be buyers, Bloomberg reported Monday (Feb. 23), citing unnamed sources. The company is drawing takeover interest after its shares slid about 46% over the past year, according to the...
As Pay by Bank becomes more visible in the U.S. payments market, one group of consumers is clearly leading the way: those who use digital banks. “Pay by Bank Deep Dive: Digital Bank Users Are Ready to Switch,” a collaboration between PYMNTS Intelligence and Trustly,...
Italy has reportedly restored an outage to its payment services that hindered Black Friday sales. The disruption on Nov. 28 and 29 had been restored by Saturday (Nov. 30), Bloomberg News reported, citing a statement from the Bank of Italy. A separate report by Reuters...
Merchants are increasingly recognizing the value of offering general-purpose credit card-linked installment plans. In fact, 37% of merchants now provide these installment plans at checkout. This shift — a 16% rise since December 2023 — highlights how rapidly consumer demand for flexible or pay later...
Installment or split-payment plans like buy now, pay later (BNPL) enable consumers to align their spending and credit management strategies. PYMNTS Intelligence’s data analysis reveals that 3 in 5 shoppers used installment plans for consumer product purchases in the past year. This use spans all...
Consumers have developed an appetite for split-payment plans of all sorts. Also known as installment payment plans, these break up purchases into smaller, scheduled payments over time. Though the concept is simple, data reveals a gap between merchants’ perceptions of split-payment plans and their actual...
Installment plans have become an increasingly important payment method that many shoppers prefer. Across age groups and income brackets, 60% of consumers use installment plans at least occasionally. The highest rates are among younger generations and high-income earners. Merchants can maximize their competitiveness by offering...