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More Americans Tapping Buy Now, Pay Later Services for Groceries ‘Shows the Height of Personal Desperation,’ Harvard Researcher Says

“As prices rise, Americans are increasingly finding new ways to make ends meet. But with some necessary purchases, such as groceries, there are fewer options that don’t involve taking on debt.   That makes the option to pay later — through companies such as Klarna, Zip, Zilch, Affirm and Afterpay — look increasingly attractive. About two-thirds […]
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Buy Now, Pay Later for Groceries, Eating Out Is in Demand

“With grocery and food costs at historic highs, more consumers are turning to buy, now, pay later (BNPL) options to pay for their weekly food bill, reports the New York Times. They’re even using these options for smaller purchases such as a coffee or sandwich. One BNPL user told the Times she doesn’t hesitate to […]
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Buy Now, Pay Later Firms in UK Warned Over Influencer Ads on Social Media

“The city watchdog has informed buy now, pay later firms such as Klarna and Clearpay that it has seen online ads and posts by social media influencers that break rules by not warning of risks such as taking on unaffordable debt. The Financial Conduct Authority (FCA) has written to companies in the multibillion-pound buy now, pay later (BNPL) […]
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Frictionless Shopping Is Here. YouTube and Instagram Join TikTok With New Social Commerce Tools

“This month, both Instagram and YouTube unveiled new tools that aim to help users make sales directly on their social media platforms — removing the need to shop at a brand’s own website or retailer’s online store. With the more seamless check-out options, presumably consumers will have fewer barriers to buy, and that can lead to more sales.  […]
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Why Buy Now, Pay Later Can Cost Much More Than a Credit Card

“Buy now, pay later is often touted as a cheaper alternative to credit cards, but new research shows these platforms can actually end up costing more. BNPL platforms such as Afterpay, Humm and Zip Pay have quickly become a mainstream product in recent years, helping Australians pay for everything from groceries to child care. With the rising […]
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BNPL Service Set to Change in Australia – All You Need to Know

“Buy-now-pay-later companies have had a rollercoaster ride since they rose to power during the early days of the pandemic. After quickly garnering public attention, BNPL firms came under the scanner for the lack of regulation seen in the sector…Minister Jones highlighted that BNPL services should be considered a part of the credit ecosystem as they […]
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The Pros and Cons of Using Buy Now, Pay Later for Travel Expenses

“Buy now, pay later services are an increasingly popular way to purchase products online. These services often target young shoppers through social networks and promote the ability to purchase products like clothing or makeup via a small down payment followed by installment payments to cover the difference. But it’s not just physical stuff that you […]
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Subscription Economy Growth Steadies as Consumers Moderate Spending (UK)

“The subscription economy, which saw huge growth during the pandemic, has started to slow, falling victim to the impact on consumer spending habits of the cost of living crisis. Research by Barclaycard Payments finds that, on average, businesses offering subscriptions estimate nearly two fifths (36%) of their revenue has been generated from these sales over […]