People using buy now, pay later (BNPL) are favoring these options and incorporating them into their financial choices. This growing trend has led BNPL providers to discover unexpected success in categories they may not have initially anticipated, creating new avenues for revenue in the process. ...
As consumers look for ways to afford the alcoholic beverages they want, a share of buy now, pay later users are paying for their beer, wine and spirits in installments. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: What BNPL Needs...
Evolve, a vacation rental hospitality company, has partnered with payment network Affirm to provide pay-over-time options to travelers. Affirm will be the exclusive pay-over-time partner of Evolve, which has more than 30,000 properties in 750 markets, the companies said in a Tuesday (Jan. 9) press release. “We look...
For Bumper CEO James Jackson, a career at tech firms over the course of more than a decade has served up “lots of valuable lessons on how you scale FinTechs and how you raise capital,” as he noted to Karen Webster. But his time at PayLater,...
Buy now, pay later (BNPL) has gone mainstream. So much so that if businesses don’t provide this payment option, they might lose out on sales at checkout. This is especially important as inflation influences whether consumers choose to spend money. Jacqueline White, president of i2c, emphasized...
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, the Financial Times (FT) reported Tuesday (Jan. 2), citing data from the nonprofit Centre for Financial Capability (CFC), showing that 22% of...
Just a few years ago, buy now, pay later was a relatively new concept — one that’s now gone mainstream, Jacqueline White, president of i2c, told Karen Webster. In 2024, BNPL is going to be increasingly on consumers’ radars and a payment option they expect...
Financial struggles are a constant challenge for those with limited access to credit, especially when unexpected emergencies arise. PYMNTS Intelligence research backs this up, showing that when faced with unforeseen expenses, 56% of all consumers and more than 80% of credit-marginalized consumers — individuals who...
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 pivotal chapter in 2023. Amid high inflation and rising costs, the payment method allowing consumers to access goods through short-term, interest-free...
