As the financial landscape continues to evolve, traditional banks face an increasing challenge from digital-native FinTechs. The recent surge in buy now, pay later (BNPL) services presents both a threat and an opportunity for banks striving to regain a foothold in a market shifting toward...
As shoppers look for financial tools to help them manage their budgets, those who are struggling to make ends meet are more likely to adopt buy now, pay later (BNPL) options than their financially stable counterparts. By the Numbers The PYMNTS Intelligence report “Redefining Retail:...
Klarna argues for a bespoke regulatory framework, while AARP supports the rule, emphasizing the need for consumer protections as buy now, pay later (BNPL) usage grows among older Americans. Time has expired for companies looking to comment on the Consumer Financial Protection Board’s (CFPB) interpretive...
Sezzle has added Spanish language capability to its buy now, pay later (BNPL) app and checkout. This capability is meant to appeal to the 40 million Americans who speak Spanish, the company said in a Tuesday (July 16) press release. “At Sezzle, we’re committed to...
Adobe Commerce merchants can now offer their customers Klarna’s buy now, pay later (BNPL) services and other flexible payment options. The partnership will help these merchants meet the growing demand for BNPL, the companies said in a Tuesday (July 2) press release. “Klarna’s global footprint...
Klarna sold its online checkout solution, Klarna Checkout (KCO), for $520 million to a group of investors led by BLQ Invest CEO and founding partner Kamjar Hajabdolahi. The buyers will assume ownership of KCO on Oct. 1, and Klarna’s payment methods will continue to be...
Fifty-four percent of acquirers — those financial institutions (FIs) that process credit and debit card transactions on behalf of merchants — say they support card-linked installment options, but recent PYMNTS Intelligence data reveals the actual percentage is much lower. According to our report, “Navigating New...
Around the world, grocers are exploring buy now, pay later (BNPL) capabilities to offer installment options to consumers struggling with inflation. In the United Kingdom, for instance, BNPL is getting one step closer to making its way into grocery stores. Klarna announced Friday (June 7)...
Apple Pay users in the United States will be able to apply for buy now, pay later (BNPL) loans through Affirm during checkout. This is one of several new features that will be added to Apple Pay in the fall, Apple said in a Tuesday...
