In today’s uncertain environment, consumers want one thing: choice. That’s because macroeconomic uncertainty over inflation and interest rates is rocking consumer behavior and affecting big-ticket spend across verticals like home, auto and more, leading consumers to scale back on nonessential retail purchases. But as Synchrony...
Klarna is reportedly weighing financial advisors for its U.S. initial public offering (IPO). Goldman Sachs, J.P. Morgan Chase and Morgan Stanley were the top contenders to advise the Swedish payments FinTech, the Financial Times (FT) reported Tuesday (July 16), citing sources familiar with the matter....
With buy now, pay later (BNPL) plans becoming increasingly accepted across merchant sectors, retailers are proving to be the payment method’s biggest champion. A PYMNTS Intelligence report, “Merchants’ Evolving Perspective on the Value of Card-Linked Pay Later Plans,” created in collaboration with Splitit, drew from...
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...
July 18, 2024
The popularity of pay later plans has been on the rise. Consumers are becoming more aware of options such as buy now, pay later (BNPL) and card-linked installment plans. Merchants and acquirers broadly agree that offering pay later plans can both boost sales and drive revenue growth. Merchants and acquirers that hope to stay competitive […]
July 01, 2024
With buy now, pay later (BNPL) plans becoming increasingly accepted across merchant sectors, retailers are proving to be the payment method’s biggest champion. A PYMNTS Intelligence report, “Merchants’ Evolving Perspective...
June 21, 2024
Merchants are increasingly recognizing the value of offering general-purpose credit card-linked installment plans. In fact, 37% of merchants now provide these installment plans at checkout. This shift — a 16%...
May 09, 2024
Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season. Now, the operative question surrounds the use of credit for the balance of...
July 17, 2024
Klarna is reportedly weighing financial advisors for its U.S. initial public offering (IPO). Goldman Sachs, J.P. Morgan Chase and Morgan Stanley were the top contenders to advise the Swedish payments FinTech, the Financial Times (FT) reported Tuesday (July 16), citing sources familiar with the matter. The company, a pioneer in the buy now, pay later […]
June 19, 2024
British payments FinTech Zilch has raised $127 million in debt financing via Deutsche Bank. The funding will help the company accelerate its ability to launch new products for a wider...
June 06, 2024
Buy now, pay later (BNPL) provider Affirm has launched two new payment options. The company on Thursday (June 6) announced the debut of Pay in 2 and Pay in 30,...
May 15, 2024
Buy now, pay later (BNPL) firm Klarna and payments service provider Nets partnered to bring more payment options to merchant clients in Sweden, Norway and Denmark. Through the collaboration, eCommerce merchants can offer their customers BNPL and...
