20% of Consumers Plan To Use a BNPL Plan And Other Digital Transactions News briefs from 11/18/22

Twenty percent of consumers plan to use a buy now, pay later plan during the holiday shopping season, according to an October survey of more than 1,000 consumers by the Electronic Transactions Association and The Strawhecker Group. An additional 20% were “on the fence” about using BNPL.
In related news, Vagaro, a technology provider for 70,000 gyms, wellness centers, and other businesses, said it is offering its clients Vagaro Pay Later, a BNPL service.
Galileo Financial Technologies LLC said its API-enabled financial technology is being used for Pomelo, a charge card that enables U.S. users to extend their credit access abroad without incurring excessive remittance fees.
Economic conditions are weighing on consumers as they begin their holiday shopping with 74% saying the financial aspect of the season makes them anxious, found the “2022 Merry Money Survey” from TD Bank.
Insurance payments specialist InsurePay said it now offers embedded credit card payments in its pay-as-you-go platform.
Diversified Data Processing & Consulting Inc., which goes by DivDat, said MoGo, a bicycle-sharing utility based in Detroit, has joined DivDat’s Detroit payment network and can accept cash payments for bike rentals at some 126 DivDat cash-accepting payment kiosks in the Detroit area.

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