Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with the company’s new Smart Bank Account tools, coming at a time when consumers are finding it...
Many buy now, pay later (BNPL) users alter their purchasing when the payment method is not available, with PYMNTS Intelligence research revealing that millennials are disproportionately likely to trade down to cheaper items when not offered the option. By the Numbers The PYMNTS Intelligence report...
As the economic and financial imbalances caused by the pandemic persist, access to credit has become vital for covering short-term financial needs, purchasing goods and services, and paying bills. Against this backdrop, overdrafts have emerged as a popular form of credit, providing consumers with financial...
Financial guidance platform NerdWallet has launched its first credit card. The new NerdUp is a secured credit card that is designed to help consumers build and improve their credit responsibly, NerdWallet said in a Thursday (Oct. 26) press release emailed to PYMNTS. “NerdWallet identified a major gap...
August 31, 2023
In a credit-based economy like the United States, credit scores have a big impact on consumers’ ability to access loans and afford everyday essentials. But as noted in the report “The Credit Accessibility Series: The Credit Insecure Need More Education,” a PYMNTS and Sezzle collaboration, 27% of consumers have credit scores of 650 or less, […]
March 26, 2024
Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with the company’s new Smart Bank Account tools, coming at a time when consumers are finding it harder to cover emergency expenses. “Far too many Americans face […]
October 26, 2023
Financial guidance platform NerdWallet has launched its first credit card. The new NerdUp is a secured credit card that is designed to help consumers build and improve their credit responsibly, NerdWallet said...