Tag: BNPL
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Galileo augments BNPL services for SMEs through Mastercard network
Date: [Current Date] Galileo’s innovative BNPL services powered by Mastercard network In a move designed to support small and medium-sized enterprises (SMEs), Galileo, a leading financial technology company, has partnered with the renowned payment processor, Mastercard, to augment their Buy Now, Pay Later…
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PayZen adds BNPL card for medical expenses
PayZen, a leading fintech company, has recently introduced a new Buy Now, Pay Later (BNPL) card specifically designed for medical expenses. This innovative payment solution aims to provide individuals with greater flexibility and affordability when it comes to managing their medical bills. With the rising costs of healthcare services, many individuals face challenges in paying…
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BNPL to drive $17B in online holiday spending: Adobe
The Buy Now, Pay Later (BNPL) trend is expected to significantly boost online holiday spending, with Adobe predicting a staggering $17 billion increase in sales this festive season. According to Adobe’s annual forecast, BNPL services are becoming a popular choice amongst consumers seeking convenient and flexible payment options for their holiday purchases. BNPL platforms such…
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One-fifth of consumers consider BNPL to stretch holiday budgets: survey
In a recent survey conducted by a leading financial services firm, it was found that one-fifth of consumers consider using Buy Now Pay Later (BNPL) services to stretch their holiday budgets. The survey, which aimed to understand consumer spending habits during the holiday season, sheds light on the growing popularity of BNPL as a tool…
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BNPL users ‘financially fragile,’ NY Fed says
Introduction The latest report from the New York Federal Reserve Bank has raised concerns over the financial stability of Buy Now, Pay Later (BNPL) users. According to the bank, individuals utilizing BNPL services for their purchases are more likely to face financial hurdles and instability compared to those who avoid such options. The BNPL Trend…
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BNPL users seek and use more new credit, Fed study finds
BNPL Users Seek and Use More New Credit, Fed Study Finds Buy Now Pay Later (BNPL) services have gained significant popularity in recent years, providing consumers with a flexible alternative to traditional credit cards. A study conducted by the Federal Reserve has now revealed that those using BNPL platforms are more likely to seek and…