Plans Becoming News Today

Facing inflated food costs, consumers are increasingly turning to buy now, pay later (BNPL) options for groceries.

A majority of consumers, especially older shoppers, insist on being informed about installment plan options prior to making a purchase.

The lion’s share of shoppers wants merchants to let them know what installment plan options are available before the checkout process even begins, and older…

Among all consumer segments and demographic groups, consumers making more than $100,000 annually are the heaviest users of store card installment plans.

Consumers making more than $100,000 annually are the heaviest users of any type of installment plans, PYMNTS Intelligence finds.

Merchants that don’t offer split-pay options risk losing potential sales and active clients, a PYMNTS Intelligence and Splitit study found.

Six in 10 consumers used some type of split-pay plan for retail products in the last year, with millennials being the most likely to use this financing option.

As consumers look for ways to afford the luxuries that they want even in the face of ongoing financial challenges, PYMNTS Intelligence reveals that many are…

Credit card installment plans for common purchases are gaining popularity among consumers, who are drawn to the flexibility they offer in managing their…

With consumers’ economic challenges continuing to limit their spending, many are turning to installment plans just to afford groceries, PYMNTS Intelligence…