Payments News

On The Web

nbsp;

Domains

Shopify announces a new merchant debit card and support for payment installment plans

“Shopify is announcing several new products and features today at Reunite , a virtual conference for the one million merchants using the company’s e-commerce platform. Shopify Balance is a merchant account with no fees and no minimum balances. The company is also announcing a Buy Now, Pay Later feature, allowing merchants to give their customers […]

On The Wires

nbsp;

Providers

New Data From Splitit Shows Consumers Shift Categories of Spending As They Increasingly Choose to Extend Timeline on Credit Payments

“Splitit , the only global payment platform that enables shoppers to pay installments via their credit cards, today released new data finding that consumers are still spending during the COVID-19 pandemic, but they are looking for responsible ways to manage their money on their own terms. Based upon an analysis of hundreds of thousands of […]
nbsp;

Companies

Consumers Shift Buy Now, Pay Later E-commerce Spending Away From Apparel and Footwear and Toward Health & Beauty and Leisure Categories

“Klarna, a leading global payments and shopping provider, today released new data that indicate consumers in the US are shifting their e-commerce spending away from apparel, footwear and accessories and toward health and beauty and leisure items as the COVID-19 outbreak continues. The company analyzed all transactions made through the Klarna app, which allows consumers […]
nbsp; nbsp;

Domains

Buy Now, Pay Later Options Drive Increase in E-commerce Sales of Travel Services and Event Tickets as Some States Begin to Lift Stay-At-Home Orders

“Klarna, a leading global payments and shopping provider, today released new data from its app in the US, indicating that travel services and event ticket sales are beginning to recover. While still significantly lower compared to an average pre-COVID week, the Airlines category saw a 26% week-over-week rise in average daily transactions, while one event […]
nbsp; nbsp;

Providers

Groupe Dynamite partners with PayBright to offer interest-free installment payments in Canada

“Groupe Dynamite, a leading Canadian fashion retailer whose a la mode apparel and accessories are offered online and in over 300 Garage Clothing and Dynamite stores across the country, today announced its partnership with PayBright , Canada’s leading provider of installment payment solutions. Through this new partnership, Canadian shoppers on www.dynamiteclothing.com and garageclothing.com can now select PayBright’s […]
nbsp;