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Klarna Unbeat at No.1 in PYMNTS Provider Ranking of Buy Now, Pay Later Apps
Klarna Unbeat at No.1 in PYMNTS Provider Ranking of Buy Now, Pay Later Apps
October 30, 2023  |  Buy Now Pay Later

This month, PYMNTS’ Provider Ranking of Buy Now, Pay Later apps remains consistent. Klarna holds the top spot, but Affirm is inching closer, gaining points...

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Are High-Income Consumers Poised to Pull Back and Trade Down?
Are High-Income Consumers Poised to Pull Back and Trade Down?
October 27, 2023  |  Consumer Finance

The latest reading on consumer sentiment signals that high-income consumers may embrace a few strategies to deal with concerns over inflation and dwindling stock portfolios....

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Millennials Turn to Deferred Payments to Spend More
Millennials Turn to Deferred Payments to Spend More
October 27, 2023  |  Consumer Finance

Millennials and bridge millennials most frequently turn to deferred payments for purchasing consumer items. These consumers are generally considered to have been born between 1980...

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Klarna Union Employees Could Go on Strike Next Month
Klarna Union Employees Could Go on Strike Next Month
October 26, 2023  |  BNPL

Swedish payments firm Klarna is facing a possible strike by employees in its home country. The Unionen and Swedish Engineering unions announced Thursday (Oct. 26) that the strike will...

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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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Apple Pay Later Now Available for All Qualifying US Residents
Apple Pay Later Now Available for All Qualifying US Residents
October 25, 2023  |  Apple

Apple has reportedly launched Apple Pay Later for all qualifying U.S. residents. Available on an invite-only basis since March, the buy now, pay later (BNPL) feature is now...

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Generation Z Will Help Shape Payments Innovations for Years to Come 
Generation Z Will Help Shape Payments Innovations for Years to Come 
October 25, 2023  |  Payments Innovation

Jacqueline White, president at i2c, told PYMNTS in a recent interview that “what’s next” in payments may be determined by demographics. Among the overarching trends dominating...

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Stere Pay Unveils Buy Now, Pay Later Gateway for Insurance Industry
Stere Pay Unveils Buy Now, Pay Later Gateway for Insurance Industry
October 24, 2023  |  Buy Now Pay Later

Stere Pay unveiled its buy now, pay later (BNPL) gateway for the insurance industry. The initiative aims to address the upfront financial burden often faced...

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US Bank Debuts Avvance Installment Payment Tool
US Bank Debuts Avvance Installment Payment Tool
October 24, 2023  |  Loans

U.S. Bank has introduced a tool that lets businesses offer consumer financing at point-of-sale. The lender’s Avvance offering, announced Tuesday (Oct. 24) is an “embedded, multi-channel point-of-sale lending...

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