Installment Credit

Most of the CE 100 Index components traded lower this past week, sending the overall index 1.9% lower as seven of the 11 pillars lost ground, ahead of the earnings ...

Amazon Prime Day generated nearly $15 billion last year. The sales event, extended to four days for the first time ever this year, has long been the eCommerce juggernaut’s crown ...

BNPL partnerships help banks and merchants meet the needs of consumers and navigate regulations, Splitit CEO Nandan Sheth writes in a new PYMNTS eBook, “Halftime 2025: Charting the Future of Payments.”   The first ...

A transformation is underway within the credit union ecosystem, where innovation in financial products and services is no longer exclusive to the largest or most well-resourced institutions. The PYMNTS Intelligence report ...

Sezzle has introduced features it says are designed to help customers weather increased financial pressure. “With record-low consumer confidence — the Conference Board’s index recently plunged to its lowest level since ...

Pay-later provider/digital bank Klarna has launched a partnership with checkout and identity platform Bolt. The collaboration, announced Monday (June 30), will integrate Klarna’s payment options into Bolt’s CheckoutOS. “With customers increasingly seeking ...

Klarna is increasing its digital banking efforts as it prepares to go public again. As the Financial Times (FT) reported Monday (June 27), the Swedish company has been branching out from ...

Alibaba.com’s U.S. business users can now select Balance’s B2B buy now, pay later (BNPL) as a payment method at checkout. With this option, eligible users of the B2B eCommerce platform for global ...

Auto shop management platform Shopmonkey has added Affirm as a pay-later provider. This arrangement, announced Wednesday (June 25), makes Affirm a default payment method for car repair shops that use Shopmonkey’s ...

Radcred has introduced a platform to meet a “rising demand for online payday loans.” The platform, announced Wednesday (June 25), offers same-day funding and soft credit checks for borrowers the company says have been ...

Recent research reveals that a significant portion of consumers regularly face substantial unplanned expenses, reshaping how financial institutions must approach credit offerings and consumer flexibility. The PYMNTS report, “Managing Unplanned Expenses: ...

Buy now, pay later (BNPL) giant Klarna unveiled its latest unconventional innovation. It’s an artificial intelligence-powered hotline that lets customers speak directly to an AI version of co-founder and CEO Sebastian ...

FICO will launch its first credit scores that incorporate buy now, pay later (BNPL) data in the fall. FICO Score 10 BNPL and FICO Score 10 T BNPL will initially be ...

Affirm has announced a new revolving pass-through loan sale facility in which PGIM Fixed Income, a Prudential Financial company, will invest up to $3 billion over 36 months by purchasing ...

Payments company Klarna says it is getting into the mobile business. The company on Wednesday (June 18) announced plans to launch an “unlimited” phone plan in the U.S. in the weeks ahead before bringing it ...

Latin America’s financial landscape continues its digital transformation as digital payments rapidly displace traditional cash transactions, signaling a new era for commerce and financial inclusion. A recent PYMNTS Intelligence report titled, ...

The link between feeling good and playing good isn’t just tied to sports. It can hold sway in the business landscape, too. How a business feels and its sense of certainty ...

Recent debuts on the public markets have added to the FinTech IPO Index’s roster. Chime listed on Thursday, and shares soared 38% in the first day of trading. Circle has gained more ...

Pay-later network Klarna has launched a partnership with gift platform Nift. This arrangement, the two companies announced Thursday (June 12), is designed to enhance Klarna’s customer experience through gift offers from Nift. “Under the partnership, Klarna is ...

Citigroup and Carlyle Group have reportedly joined forces to fund FinTech companies. As Bloomberg News reported Thursday (June 12), the companies have signed an agreement that lets them jointly invest in ...

Marqeta’s card issuing platform powers the recently announced Klarna Card debit card that will allow Klarna customers in the U.S. to use the same card to pay immediately or pay ...

The traditional credit supply chain is showing signs of strain, leaving millions of consumers seeking alternatives to conventional banking products and opening new avenues for technologically driven lenders. Mainstream banks and ...

Pay-later platform Sezzle has filed an antitrust lawsuit against eCommerce platform Shopify. The lawsuit, filed Monday (June 9) in the U.S. District Court for the District of Minnesota, accuses Shopify of engaging in monopolistic and ...

Latin America continues its financial transformation as digital payments surge, pushing traditional cash toward the periphery of commerce and financial access. The region is becoming a nexus for innovation, driven by ...

Each week, PYMNTS Intelligence details the competition between Walmart and Amazon, two behemoths of commerce, jockeying for share of wallet and hundreds of millions of consumers. In recent reports, we’ve chronicled ...

The first few trading days of the last month of the quarter marked a muted but positive start for the FinTech IPO Index, which tacked on 0.8% through the past ...

Klarna is piloting a card that spends like debit but can flip into pay later mode, extending the buy now, pay later (BNPL) model from the checkout screen to the ...

Earlier this year, PYMNTS Intelligence detailed the ways in which pay later plans — and buy now, pay later (BNPL) offerings in particular — have been finding wide use as ...

Debit turns into credit as buy now pay later business models continue to evolve. As the new year dawned, PYMNTS Intelligence detailed that debit was the payment of choice for everyday ...

The FICO score is arguably shorthand for creditworthiness — a triple-digit number that helps determine mortgages and all manner of debt that’s extended to applicants, and at what interest rate. The ...

Payments technology firm Transcard has teamed with Thredd to expand its payment orchestration platform. The collaboration, focused on Transcard’s SMART Suite platform, expands payment method optionality for customers and recipients for both B2B and B2C ...

Affirm continues to deepen its travel industry footprint by expanding its partnership with Kayak. The pay later company and the travel search engine have offered services to travelers in the United ...

Consumer lending platform Pagaya is reportedly pushing into the pay later market. The company is about to issue $300 million in bonds that will be used to fund buy now, pay ...

Contrary to perceptions of financial irresponsibility, a significant portion of subprime borrowers actively and strategically use credit to improve their financial standing, revealing an underserved market segment with a strong ...

Credit unions tend to evoke images of simple, brick-and-mortar institutions, where friendly employees who know you by name make up for the lack of financial bells and whistles at big ...

Buy now, pay later (BNPL) giant Klarna says it now has 100 million active customers. The Swedish FinTech revealed that milestone Monday (May 19) as it released its quarterly earnings, which showed revenues up ...

The British government is preparing to introduce new regulations for pay later companies. As the Financial Times reported, the legislation, set to be introduced Monday (May 19), will put buy now, ...

Klarna’s CEO is reportedly attributing a 40% reduction in staff to the company’s AI investments. Sebastian Siemiatkowski told CNBC on Wednesday (May 14) that artificial intelligence (AI) was just one factor behind the shrinking ...

Despite significant systemic barriers, consumers classified as subprime remain active participants in the credit market, seeking both traditional products and alternative options to manage finances and improve their credit standing, ...

The traditional pillars of consumer credit are undergoing a profound transformation as “pay later” options, once a niche for specific shoppers, are now redefining how Americans spend and borrow. A new ...

New York state introduced legislation to provide oversight to the pay later sector. The legislation, part of Gov. Kathy Hochul’s new budget, is one of several new measures designed to bolster ...

In its fiscal third quarter, Affirm’s gross merchandise value jumped double digits, all but one spending category showed gains, underscoring the appeal of paying over time, and 1.8 million new ...

Affirm is partnering with Costco to offer online shoppers the option to pay over time for transactions. The financial services company announced the collaboration Thursday (May 8) in a shareholder letter. ...

Pay-later firm Klarna is reportedly rethinking some of its AI-centered cost-cutting. Now, CEO Sebastian Siemiatkowski told Bloomberg News in an interview posted Thursday (May 8), the Swedish startup is undertaking a hiring effort to make sure customers ...

Marqeta’s first quarter results surged across several metrics as new and existing card issuance programs grew on a global stage across debit and credit channels, and the company’s platform gains ...