Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing. As FIs have struggled to unlock flexible payment options to their customers during the purchase journey, their more agile competitors...
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 has raised concerns about the potential risks they pose to consumers and the wider economy,...
Split-payment or installment plans such as buy now, pay later (BNPL) enable consumers to shop more strategically, buying items one day and paying for them with a set schedule of payments over time to better manage their budgets. According to PYMNTS Intelligence’s “Divided, Not Conquered:...
For Walmart, buy now, pay later (BNPL) may offer the means by which the retail giant pushes even further into financial services and toward super app status. And the low-hanging fruit for BNPL may be found at checkout for groceries and healthcare. The move, we...
Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges. ChatGPT parent company OpenAI shared Friday (April 5) that the payments network’s adoption of the technology is estimated to yield a $40 million...
With consumers forced to make budgeting decisions amid ongoing economic challenges, older millennials and younger Generation X consumers are seeing buy now, pay later (BNPL) options play a central role in their purchasing decisions. By the Numbers For the study “The Credit Accessibility Series: BNPL’s...
Klarna is reportedly sending fewer British customers to debt collectors after introducing late fees. The share of accounts in the United Kingdom using the Swedish company’s pay-in-3 buy now, pay later (BNPL) service that were later handed over to collections was at 0.84% last year, down from 1.95%...
This week Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), updated reporters about his agency’s efforts to scrutinize credit card reward programs. What some may have missed in the conversation were Chopra’s additional comments regarding the CFPB’s plans to also look closer at buy now, pay...
Qonto has added its first in-house financing offer, “Pay later,” to the business finance solutions it offers small and medium-sized businesses (SMBs) and freelancers. The new Pay later is a short-term financing, or buy now, pay later (BNPL), offer giving eligible customers in Qonto’s four markets...
