pay later news and archive

What role will buy-now, pay-later programs play in inflation?

Buy-now, pay-later might not be a new concept (hello, credit cards and mortgages). However, programs like Affirm, Klarna, Afterpay, and Zip have modernized what could be likened to layaway in the old days with installment plans that are interest-free if you pay within a certain timeframe. This sounds almost too good to be true, but these...

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Retail|IN-DEPTH

“Buy now, pay later”: pay-by-installment rises in fashion thanks to indebted millennials

Those following the fashion industry closely have probably noticed the name Klarna popping up again and again among the headlines. The Swedish fintech company, which raised 460 million US dollars (approximately 368 million pounds) in equity funding in August, has announced a series of fashion partnerships over the last six months, including...

Retail

H&M extends Klarna 'buy now, pay later' service to the UK

Swedish fast-fashion giant H&M has extended its partnership with payment provider Klarna to the UK market, offering Brit shoppers the option to ‘buy now, pay later’. The new feature will allow members of H&M’s loyalty programme in the UK to buy items but pay for them at a later date, either in-shop or using the brand’s app, “enabling a...

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Retail

New 'buy now, pay later' rules could save shoppers 60 million pounds a year

The UK’s Financial Conduct Authority (FCA) has announced it will be introducing new rules in the Buy Now Pay Later (BNPL) market which could save consumers around 40-60 million pounds a year. The new measures will be in force by 12 November 2019, and will prevent retailers from charging backdated interest on money that has been repaid by the...

Fashion

Quiz teams up with Klarna for pay later option

Omni-channel fast-fashion brand Quiz has launched a new ‘buy now, pay later’ option for its UK shoppers. Quiz partnered with online payment provider, Klarna, for the new service which is already being used by the likes of Gymshark, Asos, Topshop, H&M and JD Sports. The pay later feature allows customers to try on their purchases at home, before...

Fashion

Gymshark introduces pay later service to the UK and Nordics

Fitness wear brand Gymshark has announced the launch of its new Pay Later service in the UK, Sweden, Norway, Finland and Denmark. Gymshark partnered with online payment provider, Klarna, for the new service which is already being used by the likes of Asos, Topshop, H&M and JD Sports. The pay later feature allows customers to try on their...

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Retail

Arcadia Group to introduce 'Buy Now, Pay Later' scheme

London - Arcadia Group aims to satisfy all UK consumers who can't wait until next pay day for their latest shopping haul with the introduction of its new payment plan, 'Buy Now, Pay Later.' The UK fashion conglomerate has partnered up with payment provider Klarna, which sees Arcadia's brands become the first to use Klarna's new e-commerce retail...