Ahead of the holiday shopping season, payments network Affirm is upgrading its app. The company, known for its buy now, pay later (BNPL) offering, now provides users with — among other things — easier access to personalized payment terms and interest-free offers via its app,...
Paying over time, traditionally a hallmark of short-term installment loans, is becoming an option where goods are paid for using money on hand and over several installments. Some banks are now offering customers the option to have their debit purchases become buy now, pay later...
Ad-subsidized payments network Zilch recorded its first profitable month in July. In the same month, Zilch’s revenue run rate exceeded $130 million, according to a Tuesday (Sept. 3) press release. “The speed at which Zilch has achieved profitability places it in the same bracket as...
Klarna is reportedly ready to tap Goldman Sachs to help it go public next year. The Swedish buy now, pay later (BNPL) company is in deliberations with the banking giant to help lead its initial public offering (IPO), Bloomberg reported late Wednesday (Aug. 14), citing...
July 01, 2024
Macroeconomic uncertainty over inflation and interest rates is affecting big-ticket items and leading to shifts among consumers. More homeowners — who have opted not to buy a new residence due to high mortgage rates and home prices — are sprucing up their properties and remodeling. More car owners, faced similarly with inflation, are keeping their […]
June 11, 2024
The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements...
May 10, 2024
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...
April 08, 2024
Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Within that growth likely lies a continued use of card installment plans....
November 03, 2024
Affirm launched its pay-over-time options in the United Kingdom. The company will initially offer its interest-free and interest-bearing monthly payment options, with any interest applied being fixed and calculated solely on the original principal amount, Affirm said in a Monday (Nov. 4) press release emailed to PYMNTS. There are no late fees or hidden charges, […]
October 30, 2024
Ahead of the holiday shopping season, payments network Affirm is upgrading its app. The company, known for its buy now, pay later (BNPL) offering, now provides users with — among...
September 03, 2024
Ad-subsidized payments network Zilch recorded its first profitable month in July. In the same month, Zilch’s revenue run rate exceeded $130 million, according to a Tuesday (Sept. 3) press release....
August 15, 2024
Klarna is reportedly ready to tap Goldman Sachs to help it go public next year. The Swedish buy now, pay later (BNPL) company is in deliberations with the banking giant...
