1 in 4 Millennials Trades Down When BNPL Is Unavailable
Many BNPL users alter their purchasing when the payment method is not available. PYMNTS Intelligence reveals millennials are the likeliest to buy cheaper items.
Source: pymnts.com
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Affirm, Afterpay Cut Rewards as BNPL Firms Try New Models
Affirm and Afterpay are reevaluating their loyalty strategies, shutting down their existing rewards programs as the industry shifts toward paid subscription models.
Source: pymnts.com
1 in 4 Millennials Trades Down When BNPL Is Unavailable
Many buy now, pay later (BNPL) users alter their purchasing when the payment method is not available, with PYMNTS Intelligence research revealing that…
Source: biztoc.com
Kashable Raises $25.6 Million for Employer-Based Lending
FinTech platform Kashable has raised $25.6 million in a Series B round to expand its employer-based lending program and develop new financial wellness services.
Source: pymnts.com
30% of Consumers Struggle to Access Credit Products
About 30% of consumers have low credit scores — 650 or less — that have denied them access to credit products. These consumers and others are considered to be…
Source: biztoc.com