May 09, 2024
Consumers Invest 88% More on Education When Using Embedded Lending
Embedded lending is a credit option that many merchants and financial institutions deliver to their customers to reduce friction and streamline purchasing. As consumers go through checkout — either in-store or online...
May 09, 2024
Allbirds: Consumers Will Pay Full Price for ‘Fresh’ Enough Products
Economic challenges have consumers pulling back on full-priced purchases, but Allbirds maintains that, if products are novel and relevant enough, shoppers will spring for non-discounted goods. On a call with...
May 09, 2024
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
This paper delves into the intricate nature of ecosystem openness, underscoring the point that openness of ecosystems must be understood more as a spectrum than a mere binary state. We...
May 08, 2024
Earnings Season Shows Consumers Using BNPL More for Clothes, Travel
Earnings season’s not over yet — and the picture on consumer spending is mixed thus far. The payment networks and banks have noted that though consumers still are using their...
May 08, 2024
Affirm Credits Mid-Market With Q3 ’24 Earnings Gains
Although it didn’t address two big elephants in the room, buy now, pay later company Affirm rode solid advancements in its debit card and gross merchandise volume metrics to better-than-expected...
May 07, 2024
Banks Call For Greater BNPL Reporting Transparency
In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack of transparency surrounding these loans...
May 07, 2024
FIS Targets $200 Billion Addressable Market in Global Money Movement
At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share in global money movement — a market worth hundreds of billions of dollars. CEO Stephanie Ferris said during...
May 07, 2024
Is Apple at Risk of Becoming the Next IBM?
Sixty-three years ago this month, the world’s first supercomputer was born. In May of 1961, IBM introduced its Model 7030, also known as “Stretch.” The gamechanger was its computational processing...
May 06, 2024
Only Half of Consumers Globally Are Satisfied With Embedded Lending...
Embedded lending tools enable potential borrowers to apply for credit directly from the merchant or provider’s platform — often while paying for a product or a service. For instance, while...
As Americans increasingly rely on BNPL for essentials, November is poised for record spending via this payment method, with 1 in 5 consumers planning to use it. The latest “FinTech Tracker®,” a collaboration with Sezzle, examines the economic forces driving this upswing, BNPL’s shift from optional to necessary spending, and the mounting calls from critics for stronger regulations and safeguards.
Split-payment plans like BNPL are gaining traction, with 3 in 5 shoppers having used these options in the last year. There’s a “but” — merchants and acquirers aren’t sure which plans have the most appeal to consumers or when to present them in the purchase flow. PYMNTS Intelligence’s latest report, “Divided, Not Conquered: Acquirer and Merchant Confusion Clouds Split-Payments Landscape,” a collaboration with Splitit, draws from multiple surveys of consumers and executives to get a 360-degree view of the split-payment space — the facts and the gaps.