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BJ's Wholesale Club, Citizens Pay partner to offer installment plans


Dive Brief:
BJ s Wholesale now allows shoppers to pay for purchases valued at more than $99 via Citizens Pay, a buy now, pay later payment option, the retailer announced on Thursday. 
The retailer will offer the service on its website for delivery, curbside pickup and buy online pick up in-store orders, the company said. Members can leverage Citizens Pay to finance products ranging from appliances and furniture to everyday essentials.
Members can apply for a monthly flat rate loan and pay in installments for three, six, 12 or 24 months, per the announcement.
Dive Insight:
The pandemic and economic uncertainty have put consumers personal finances on the edge, which has driven demand for alternative payment options in retail through services like Klarna and Afterpay. ....

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Why Citizens Financial Group Is Acquiring 80 Branches From HSBC


Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
Follow @BramBerko
Citizens Financial Group (NYSE:CFG) recently announced it plans to purchase 80 branches from the U.S. division of
HSBC as the London-based bank looks to exit U.S. retail banking and focus more on wealthy clients. Citizens is getting 66 branches in the New York City area, nine in the mid-Atlantic and Washington, D.C., area, and five in southeast Florida. The deal comes with $9 billion in deposits and $2.2 billion in loans, mostly residential mortgages. Let s take a look at why Citizens chose to pull the trigger on this deal. ....

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