As the popularity of buy now, pay later services accelerates, potential problems do, too. Evidence of that has emerged in new research that finds 14% of BNPL users missed a payment once, and 12% missed a payment more than once, according to a new report from Piplsay, a consumer-research firm. …
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The BNPL Phenomenon
As buy now, pay later payments continue to garner consumer and merchant attention, what is driving the trend? And does it have staying power? Buy now, pay later services may have gotten a huge boost from the boom in e-commerce sales because of the Covid-19 pandemic, but as these effects …
Read More »Whither BNPL?
It takes nothing away from the phenomenal arc the buy now, pay later trend is describing across the payments landscape to say that, in essence, it’s something quite old dressed up in modern duds. After all, installment credit in retail has been around for decades. But the genius of the …
Read More »Mastercard’s Big BNPL Move; Verifone Adds BitPay Crypto Acceptance; 39% Would Ditch Banks
Mastercard Joins An Increasingly Crowded BNPL Field With the Debut Of Mastercard Installments
Mastercard Inc. joined the BNPL fray Tuesday with the introduction of Mastercard Installments. Consumers can access BNPL offers, either pre-approved through their lender’s mobile banking app or through instant approval at checkout, that can be used online or in-store wherever Mastercard is accepted. Consumers can choose from a variety of …
Read More »Startup Bypasses Cards for E-Commerce Purchases; No Credit Aversion for BNPL Users; Plus Weekly Recap
BNPL Consumers Are Not Shy About Using Credit Products, a TransUnion Report Finds
New research suggests buy now, pay later users may not be shunning traditional retail credit products in favor of the installment-payment option. That’s one finding from TransUnion LLC’s “Understanding the Evolving Point-of-Sale” report released Thursday. The data show that 76% of the point-of-sale financing applicants had a retail card in …
Read More »Stripe Bolsters Its Merchant Toolset; Eye on BNPL; Chevron Picks P97 for App Updates
Eye on BNPL: Affirm Combines Repayment Options And SeaWorld Offers Uplift Installments
As the buy now, pay later payment option continues to permeate commerce, Affirm Inc. fine tunes its repayment options and Uplift hooks SeaWorld as a client. San Francisco-based Affirm says its new Adaptive Checkout gives consumers the option to pay in biweekly or monthly installments. The service will dynamically present a …
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