Credit Options news and trends

40% of BNPL Users Abandon Carts If That Option Is Missing at Checkout

June 23, 2023
BNPL has become a popular payment method for consumers, and merchants could potentially lose sales if they do not offer it as consumer use grows.

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PYMNTS Intelligence: The Best Lending Product Wins in Retention and Enrollment
Credit Unions // May 22, 2023

Credit unions know they need to be digitally savvy, but having the most user-friendly mobile app is not enough to catch and keep consumer attention. Fifty-six percent of surveyed CU executives said that convenient banking matters, and 46% of surveyed members said it is something...

Credit Unions have the advantage in hard economic times, and can use their better lending rates and consumer-friendly credit products to stand out to consumers.
Economic Downturn Highlights Credit Unions’ Lending Advantages
Credit Unions // May 18, 2023

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With an estimated 307 million smartphone users in America, FinTechs can leverage mobile technology to improve credit access among the financially underserved.
PYMNTS Intelligence: FinTechs Have an Opportunity to Improve Consumers’ Credit Capabilities
Financial Inclusion // May 10, 2023

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Download the PYMNTS and Sezzle May 2023 “FinTech Tracker: FinTechs' Role in Improving Access to Lending Services” to learn more about how consumer credit access is dwindling, but FinTechs can help by providing consumers with alternative lending options and ways to improve their credit scores.
FinTechs Clear Credit Path for 57% of Subprime Millennials
Financial Inclusion // May 08, 2023

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