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...