J.P. Morgan Payments is expanding its buy now, pay later (BNPL) offerings in partnership with Klarna. The collaboration lets roughly 900,000 businesses offer Klarna’s installment payment options to customers, Bloomberg News reported Tuesday (Feb. 11). It also means that Klarna, preparing to go public in...
Following a joint study with buy now, pay later (BNPL) firm Affirm, FICO has said that it is planning to add BNPL data to its credit score analysis. The analytics firm said in a Tuesday (Feb. 4) news release that over the course of a...
The Dutch government reportedly wants to stop the rollout of buy now, pay later (BNPL) in the country’s brick-and-mortar retail stores. Finance Minister Eelco Heinen said in a letter to parliament that the payment method poses financial risks to consumers, Reuters reported Wednesday (Jan. 22). While...
British consumers are increasingly embracing buy now, pay later (BNPL) plans amid increasing government scrutiny. Activity in the sector climbed to around $27 billion in 2024 last year, an almost 20% increase, Bloomberg News reported Thursday (Jan. 16), citing figures from GlobalData. It’s a boom being...
The appeal of stretching out one’s cash flow — making payments over time rather than all at once, and pressuring bank accounts or boosting interest-bearing debt levels — has long been a highlight of PYMNTS’ continuing reports on buy now, pay (BNPL) later plans. Through...
Klarna is reportedly selling a portfolio of installment loans as it prepares to go public. The planned sale involves a portfolio of U.S. “Pay in 4” loans from the company’s buy now, pay later (BNPL) offering, the Financial Times (FT) reported Tuesday (Jan. 14), citing sources familiar with...
The Consumer Financial Protection Bureau (CFPB) said there is a need for more research into buy now, pay later (BNPL) after finding that BNPL borrowers held higher balances on other credit lines. “The importance of BNPL in the credit profiles of BNPL borrowers underlines the need...
Pay later plans are transforming how consumers manage their spending and how merchants engage with their customers. And there is a consistent theme: Adoption of installment options boosts consumer satisfaction and merchant sales. For consumers, pay later plans offer flexibility and financial relief. More than...
The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive rule issued last May further legitimizes short-term installment loans as an increasingly mainstream form of credit. At the same time,...
