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The Explosive Growth of Buy Now Pay Later

Independent Retailer

“Point of sale financing has historically been reserved for large purchases like luxury electronics, but now we are seeing an uptick in consumers using installment plans for smaller purchases across large and small retailers.” Citizens Pay is seeing more customers beginning to use BNPL and installments in place of credit cards.

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Square to buy Afterpay for $39 billion as buy now, pay later booms

Inside Retail

Square Inc will purchase buy now, pay later (BNPL) firm Afterpay Ltd for about $39 billion (US$29 billion) in Australia’s biggest-ever buyout, creating an online payments giant to tap into explosive growth in the niche payments sector. where its fiscal 2021 sales nearly tripled to A$11.10 billion ($8.15

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Afterpay to launch banking app in October

Inside Retail

Afterpay will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 Afterpay hopes those same users will now be willing to deposit their salaries in saving accounts created in partnership with Australia’s No.2 Shares of Afterpay climbed 1.9

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Study Forecasts Accelerated Adoption of Digital Wallets and Buy Now, Pay Later

Retail TouchPoints

Buy now, pay later (BNPL) also thrived over the past year, rising nearly 78% to account for 1.6% Buy now, pay later (BNPL) also thrived over the past year, rising nearly 78% to account for 1.6% ecommerce share in 2020, up from 23.7% of ecommerce spend. of ecommerce spend.

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BNPL and the growth of digital payments in Apac

Inside Retail

Buy now, pay later (BNPL) is booming across Asia Pacific, at a time when Covid’s impact has turbo-charged demand for e-commerce and new types of credit. With penetration in some markets now reaching double figures, credit businesses are seeing this eat into their customer base. billion by the end of this year.

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How Financing Options Can Increase Conversion Rates

Independent Retailer

For example, installment loans and Buy Now, Pay Later offerings are becoming increasingly popular, especially among younger shoppers. Determining the right mix of financing options comes down to having a deep understanding of your customer and your product set. by Mike Rittler. by Mike Rittler. Finding the Right Mix.

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BNPL: Multiple Growth Opportunities Despite Rumblings About Regulation

Retail TouchPoints

Buy now, pay later (BNPL) was the trendiest way to pay for all those lockdown purchases back in 2020. But now, as BNPL offerings — and consumers’ understanding of them — mature, the explosive growth of the last two years is slowing. In fact, 50% of U.S