Affirm and Shopify have expanded their pay-later offering beyond U.S. borders. The companies announced Wednesday (April 9) that Shopify merchants in Canada who have signed up for early access can begin offering the Affirm-powered Shop Pay Installments program, marking its first availability outside the U.S. ...
Covet that designer dress at Bergdorf Goodman, but can’t pay for it because you’ve maxed out your credit cards? Increasingly, there’s another way. A recent deep dive by PYMNTS Intelligence into what’s known as the Pay Later landscape reveals a surprising trend sweeping America’s consumer...
The pay-later ecosystem has evolved through the past few years, with a broad range of solution providers and available options. The idea of paying over time means different things to different consumers. Not all that long ago, the landscape was limited to the pure-play, nonbank...
Stride Bank will become a new card issuing partner for the Affirm Card, supporting the growing demand for this debit card that enables consumers to pay in full or convert eligible purchases into pay-over-time loans in the Affirm app. The collaboration enables Stride Bank to...
The buy now, pay later pure plays like Klarna and Affirm might get a lot of attention these days. However, card networks have a piece of the BNPL pie as well. From apparel to electronics to medical bills, today’s shoppers increasingly expect a flexible payment...
The lure of paying over time lies with the predictability of the repayment. Consumers don’t think of pay later options as credit, at least not in the traditional sense. They see a finite timeline over weeks or months, and a point at which all has...
Merchants can now add Splitit’s one-click installment payments and credit card processing service to their Shopify checkout. This capability is enabled by Splitit’s new embedded Shopify app, Splitit Card Installments, which gives shoppers a choice between paying in full or in installments directly within the...
Banking giants are trying to catch up to FinTechs in offering pay later services. A report Saturday (March 8) by the Financial Times (FT) examines this trend, using the example of JPMorgan Chase’s recent partnership with Klarna to offer installment loans to its 900,000 business...
The use of pay later plans has grown as consumers seek more flexible payment options. The PYMNTS Intelligence eBook “10 Impact Statements: The 2024 Pay Later Report” explored how these installment plans are being used, who benefits from them and the reasons behind their adoption....
