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While these consumers are getting access to needed credit, providers must consider the risks of overextension

The service may incentivize more shoppers to pay with the BNPL provider, and it may also bring Klarna key data benefits

It wants to lean on AI to attract users, while new environmental-focused features should strengthen its brand with younger shoppers.

Apple鈥檚 credit card, BNPL product, and savings account put it in direct competition with financial services incumbents. With 130.1 million US iOS users loyal to its unsurpassed UX and dominant digital platform, the threat will only grow.

Budgeting concerns, high interest rates, and other factors are pushing the generation to alternatives.

Firms must plan for regulatory changes across areas like BNPL, open banking, crypto, and credit cards

The BNPL industry鈥檚 explosive growth is a thing of the past. The number of US BNPL users will grow only 6.9% in 2024, a major slowdown from prior years. And while payment value will rise at a still-strong rate of 20.8% this year, it too marks a significant deceleration.

On today's podcast episode, we discuss how a department of justice suggested breakup of Google could change search, the potential impact of Walmart鈥檚 personalized homepages and customer support, what鈥檚 next for the buy now, pay later (BNPL) space, how Tesla鈥檚 new 鈥渃ybercab鈥� could change the world of robotaxis, what charitable donations in America look like, and more. Tune in to the discussion with host Marcus Johnson, director or Briefings Jeremy Goldman, analyst Evelyn Mitchell-Wolf and vice president of Briefings Stephanie Taglianetti.

Affirm. Federal Reserve Bank of Atlanta. Klarna. Mastercard. Payments Dive. PayPal. Stripe. TikTok. Visa. Worldpay.

And Affirm now boasts that interest-bearing loans鈥攑reviously anathema to the BNPL conceit鈥攎ake up 73% of its product composition. Affirm also hiked its maximum interest rate to 36% last year, well above the 24.7% national average for credit cards. Anti-BNPL pearl-clutching hasn鈥檛 helped.

In June, Apple shut down Apple Pay Later and will offer third-party BNPL options like Affirm instead. Appearing on Apple Pay would be a large opportunity for Zip to increase its users鈥� transaction frequency and in-store transaction volume. Our take: As BNPL user growth slows, securing large partnerships will become more important for BNPL fintechs like Zip to maintain growth.

For example, Affirm and Splitit are on the hunt for tech assets. Struggling firms might also put themselves up for sale to larger corporations. Read the full report.

Also though, I do want to point out another part that's going to grow BNPL in-store volume is there is in addition to debit cards, even more ways to use BNPL in-store just during, I think the week of Christmas at the end of December, Walmart and Affirm expanded their partnership, so now at Walmart's self-checkout kiosk, you can press basically a button for Affirm and use that as buy now pay later on any

While this is a win for Klarna, merchants may not want to take on the higher transaction costs that sometimes come with BNPL plans

Key stat: 31% of consumers who have already started holiday shopping have used BNPL providers such as Affirm, Afterpay, and Splitit, according to CivicScience. What it means: Flexible payment options may encourage more early holiday shoppers, especially if they are budget-conscious. 3. Brands will continue to be reliant on Amazon to boost discoverability and sales.

American Express, Chase, and Citi landed the top three rankings for installment plan satisfaction; Sezzle, Afterpay, and Affirm earned the lowest scores. This is all despite the fact that most issuers charge a flat fee to convert transactions into installments, whereas most BNPL fintechs offer plans without any fees or interest.

The campaign鈥檚 associated sweepstakes encourages users to pay more frequently with PayPal

This should help boost volume for both the booking platform and for the card-linked installment offering, given BNPL鈥檚 popularity in the travel category and an overall spike in popularity for card-linked BNPL

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Its report found that many BNPL users have subprime credit scores and are under economic distress鈥攚hich could increase the case for regulation.

Apple鈥檚 long-teased buy now, pay later service is finally here, but what can it bring to an already crowded table? Our analysts unpack who may use Apple Pay Later and evaluate five of its prerelease features to see how they stack up to consumer demand.

37% of US Gen Zers and 32% of millennials have used a buy now, pay later (BNPL) service to make at least one purchase recently, according to Morning Consult.

The number of US BNPL users has doubled since 2021, even though firms can鈥檛 fund rewards as richly as issuers do. But they do have retail connections.

Consumers look for deals, flexible payment options this holiday season: Over three-quarters of shoppers plan to hunt for discounts, while BNPL use is set to soar amid financial constraints.

GreenSky may be an attractive acquisition as consumers rely more on BNPL for essential purchases