Fast forward six months, she found herself juggling payments across three different BNPL providers, struggling to keep up as late fees and missed payment penalties mounted. Her story is not unique.

BNPL, also known as point-of-sale loans, is kind of like a modern-day layaway option: Consumers can buy items online or in-store, and then split up the cost of a purchase over a few weeks or a few ...

Rebecca is a freelance contributor to Newsweek’s personal finance team. A certified student loan counselor, she has written extensively on student loan debt and higher education. Rebecca has ...

The growth in the forecast period can be attributed to expansion of BNPL services to physical retail, growth in cross-border e-commerce, adoption by traditional retailers, emphasis on responsible ...

If you can pay off the charge before the introductory APR period ends, you're essentially getting an interest-free loan that lasts several times longer than the ones typically offered by BNPL plans.

On January 13, the CFPB published a report analyzing consumers’ use of Buy Now, Pay Later (BNPL) loan products. This latest report builds on previous CFPB work related to BNPL lending by pairing ...

The Dutch government has moved to limit the expansion of "buy now, pay later" (BNPL) services in physical retail outlets, citing concerns about the financial risks these schemes pose to consumers.

In fact, a survey from Affirm found that 56% of people were interested in using BNPL to fund their holiday shopping. Retailers — including Amazon, Walmart and Target — have caught on to the ...

The bank will need to dramatically add to that network as it faces other financial institutions that have warmed to BNPL, and firms such as Klarna, Affirm and Afterpay that have gotten a headstart.

"Buy now, pay later" (BNPL) schemes surged in popularity for online purchases since the COVID-19 pandemic and allows consumers to split payments over time into smaller, interest-free installments.

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The round was co-led by RTP Global and LMDV Capital, with ...

The idea is that Qomodo lets small businesses improve their cash flow and increase revenue with a BNPL solution which lets consumers make flexible, interest-free installments on items purchased in ...