Remove BNPL Remove Credit Cards Remove Payments Tools
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Deep Dive: How Consumers’ Perspectives On Payment Tools And Financial Wellness Are Shifting During The Pandemic

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The pandemic has upended many consumers’ financial lives and typical purchasing behaviors, leading them to reconsider their go-to payment tools. This month’s Deep Dive digs into new data regarding consumers’ financial wellness and its influence on the payment tools they select. Looking Beyond Credit Cards.

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Deep Dive: Consumers Consider BNPL Solutions For Routine Retail Purchases

PYMNTS

Retailers and payment professionals may think this problem affects only luxury brands, but customers can and do abandon even inexpensive purchases if they no longer feel financially secure. This is prompting retailers outside the luxury space to explore buy now, pay later (BNPL) options. BNPL Offerings’ Popularity Among Millennials .

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Retailers: We have a holiday gift for you. Unwrap the new loyalty and digital engagement tool

Tearsheet

At Marqeta, we also saw a 33% year-over-year increase in BNPL spending for the week between Tuesday, November 21, 2023, and Cyber Monday, and processed 23% more BNPL transactions in 2023 than last year. Customer loyalty, especially during the holiday season, is not something that can be taken lightly by brands.

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Chicos: Flexible Payment Options Help Consumers Click Buy, Not Goodbye

PYMNTS

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. Consumer awareness of buy now, pay later (BNPL) options is increasingly rising as an alternative option. Interest in BNPL is not limited to the U.S.

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How New B2B Payment Models Tackle The Buyer-Supplier Conflict

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Corporates want to delay payment as long as possible in order to better manage cash flow, while suppliers are pressed to accelerate accounts receivable to strengthen their own cash positions. A variety of B2B payment tools have stepped up their efforts to address this friction. The Rise Of BNPL.

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Delta Galil On Why Buy Now, Pay Later Is Changing The Fashion Industry

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Buy Now, Pay Later (BNPL) solutions are beginning to ingratiate themselves further into the buying experience for customers worldwide. Consumers are using installment payments to purchase everything from clothing to cosmetics, and the race to see which BNPL provider will dominate in which market is on.

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What Is Shop Pay?

Payment Savvy

Shop Pay securely stores customers’ shipping and payment information for future use, eliminating the need for repetitive data entry. Customers can choose from various payment options supported by Shop Pay, including credit cards, debit cards, and alternative payment methods.

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