installment plans

Report: 25% of UK BNPL Users Hit With Late Fees
Report: 25% of UK BNPL Users Hit With Late Fees
January 02, 2024  |  BNPL

Nearly a quarter of British buy now, pay later (BNPL) users have been charged late fees. These fees for late repayments hit younger consumers the hardest,...

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Merchants Not Offering Pay-Later Plans May Miss on End of Holiday Sales
Merchants Not Offering Pay-Later Plans May Miss on End of Holiday Sales
December 29, 2023  |  Retail

As the year comes to an end, most consumers have completed their holiday shopping, although there were still stragglers and undecided shoppers deep into December....

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BNPL’s Surge in 2023: Impact, Adoption and Regulatory Crossroads
BNPL’s Surge in 2023: Impact, Adoption and Regulatory Crossroads
December 28, 2023  |  BNPL

From its nascent stages to its maturing as a force reshaping retail and eCommerce, installment plans, particularly buy now, pay later (BNPL) services, marked a...

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Nearly 40% of High-Income Consumers Use Pay Later Plans
Nearly 40% of High-Income Consumers Use Pay Later Plans
December 27, 2023  |  Consumer Finance

In recent years, split-pay options have gained popularity among consumers of all demographic groups looking for greater flexibility in managing their expenses. But it’s not...

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New Study Finds Acquirer Confusion Clouds Installment Plan Landscape
New Study Finds Acquirer Confusion Clouds Installment Plan Landscape
December 21, 2023  |  BNPL

Merchants affiliated with acquirers offering installment plans are interested in their potential to boost sales, as consumers may make larger purchases if they can spread...

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Affirm Says High Interest Rates Drive Demand for BNPL
Affirm Says High Interest Rates Drive Demand for BNPL
November 14, 2023  |  BNPL

Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm’s...

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Buy Now, Pay Later Thrives Despite Rising Interest Rates
Buy Now, Pay Later Thrives Despite Rising Interest Rates
November 09, 2023  |  BNPL

Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional...

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24% of Consumers Worry Installment Plans Could Lead to Overspending
24% of Consumers Worry Installment Plans Could Lead to Overspending
October 26, 2023  |  Consumer Insights

Installment plans have become a preferred payment method for consumers. PYMNTS Intelligence has found that 60% of shoppers used an installment plan to buy consumer...

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Ubiquity Drives Consumer Demand for Credit Card Installment Plans
Ubiquity Drives Consumer Demand for Credit Card Installment Plans
October 19, 2023  |  Payment Methods

Getting what we want — now — but paying later for it is top of consumers’ minds. Nandan Sheth, CEO at Splitit, told Karen Webster...

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