BNPL

Articles on Buy Now Pay Later

  1. Media & Marketing

Ways To Create A Logo That Will Stand Out On The High Street

The online eCommerce and retail industries are consistently adapting to new trends and technology, such as Buy Now, Pay Later (BNPL) and other innovations. All successful businesses are resultantly aware that flexibility is the key to longevity and maintaining customers.  But, while recent years have seen a focus on eCommerce, this is expected to make up […]
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  1. Shopper & Customer

Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023

In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
3 min read
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  1. Partnerships & Alt Profit

Ingenico partners with Klarna to offer in-store payment solutions

Ingenico, the payments acceptance solutions provider, has inked a deal with Swedish buy now, pay later (BNPL) firm Klarna. Klarna will utilise Ingenico’s cloud payments platform as a service tool… The post Ingenico partners with Klarna to offer in-store payment solutions appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Technology & Innovation

Here are six big technology related takeaways from this week’s retail results

Many UK retailers reported strong Christmas performances this week, with Tesco, M&S, Sainsbury’s and the discounters leading the way, albeit in part fuelled by inflation. In this article, we look at the key retail technology takeaways from an eventful five days of festive results. 1. Never underestimate the power of Click and Collect Marks and […]
4 min read
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  1. Trends & External Forces

Wickes ties up with BNPL giant Klarna

Home improvement retailer Wickes has announced a tie up with buy now, pay later giant, Klarna in a sector first. The partnership will now provide customers with more payment options… The post Wickes ties up with BNPL giant Klarna appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Corporate Finance

The Growing & Illusory Appeal of Buy-Now-Pay-Later

The Atlantic has a piece about the growth of “buy now, pay later” programs – “from 2019 to 2021, the total value of buy-now, pay-later (or BNPL) loans originated in the United States grew more than 1,000 percent, from $2 billion to $24.2 billion. That’s still a small fraction of the amount charged to credit […]
3 min read
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  1. Shopper & Customer

How Retailers Are Adding Value and Driving Loyalty Through Digital Touchpoints

While many point to the pandemic as the catalyst responsible for changing today’s retail customers, in reality, the “retail customer” has been evolving for some time. Over the past several decades, consumers’ lives have grown busier and more complex while also being offered more choices spanning retail and digital, and shoppers have come to expect […]
4 min read
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  1. Shopper & Customer

Deloitte: Retailers Should Prepare for ‘Holiday Hangover’ in 2023

While the 2022 holiday season was by all accounts a success, retailers may want to buckle down as they head into the new year: four out of 10 U.S. consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns […]
4 min read
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  1. Stores & Formats

Klarna launches in Boots stores across the UK

Klarna has launched in high-street retailer Boots, allowing customers to spread the cost of Christmas. The BNPL tool will now be available to use in-stores on over 2,000 stores across… The post Klarna launches in Boots stores across the UK appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Channel: Mass

Walmart Rolls Out New Text-to-Shop Service

OMG! Walmart customers have a new way to shop — by text message. The retailer’s new Text to Shop capability launched Dec. 14, 2022, and is available for free on iOS and Android devices.  Once a customer enrolls, they are given a QR code that launches a text chat with Walmart on their phone. From […]
2 min read
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  1. Corporate Finance

Reports: Walmart to Enter Buy Now, Pay Later Payment Space

A Walmart-backed fintech startup called One plans to launch a buy now, pay later (BNPL) payment service as soon as next year, according to three people familiar with the matter. The news could put the world’s largest retailer in competition with other fintech lenders. One, which Walmart hopes will morph into an all-in-one app where consumers can […]
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  1. Channel: Mass

CNBC: Walmart-Backed Startup Planning to Launch BNPL Service

Walmart-backed startup One is reportedly preparing to launch a buy now, pay later (BNPL) payment service as soon as next year, people familiar with the matter told CNBC. The company was motivated by the pressure of inflation and its impact on shoppers’ needs. Walmart has been a beneficiary of shoppers trading down to save on […]
2 min read
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  1. Shopper & Customer

How to Win Over Younger Consumers This Holiday Season — And Beyond

It’s the question every marketer is asking: “How can our brand connect with Gen Z?” In less than a decade, Gen Z’s income will outpace millennials. They’re also the most active generation on social media. Together, these stats alone make them the most coveted demographic for brands. In a crowded market that’s dominated by Amazon.com, […]
4 min read
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  1. Corporate Finance

Klarna launches new global creator platform

Buy now pay later giant Klarna has globally launched its new creator platform, now allowing retailers and influencers in all of its 45 markets to access the feature. First launching… The post Klarna launches new global creator platform appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Holiday & Events

Thanksgiving Weekend Recap: Foot Traffic, Mobile Usage Rise as Nearly 200 Million Shoppers Seek Deals

Shopper turnout for Thanksgiving Weekend handily exceeded expectations — a record 196.7 million shoppers went shopping for great deals, compared to 179 million in 2021 and 30 million more than the projected turnout of 166.3 million, according to the National Retail Federation (NRF). The growth was in line with an equally successful digital weekend, capped […]
4 min read
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  1. Shopper & Customer

Biggest Online Shopping Day Ever: Cyber Monday Shatters Records

Consumers spent a total of $11.3 billion online on Cyber Monday, representing 5.8 percent growth year-over-year (YoY), according to Adobe Analytics. It registers as the biggest online shopping day of all time. In the peak hour (8:00 p.m. to 9:00 p.m. Pacific), consumers spent $12.8 million every minute. On Cyber Monday, online spending was driven by purchases of toys, with sales growing 684 […]
2 min read
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  1. Holiday & Events

Cyber Monday spend reaches $11.3B with a surge in BNPL usage: report

Dive Brief: Following a mixed bag of Black Friday results, Cyber Monday brought in a record $11.3 billion in total spend, marking 5.8% growth year over year, according to data from Adobe Analytics. At the peak hour of 8 p.m. to 9 p.m. Pacific Standard Time, consumers were spending $12.8 million every minute, per Adobe. Toys, electronics and computers […]
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  1. Holiday & Events

In-Store Visits, Online Shopping Saw Increases Over Thanksgiving Weekend

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe Analytics, which tracks sales on retailers’ websites. Overall, online Black Friday sales were up 2.3 percent year-over-year. Adobe also predicted that consumers were set to spend more than $9 billion online over the weekend ($4.52 billion on Saturday, $4.99 billion […]
2 min read
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  1. Holiday & Events

Black Friday 2022: Sales Top $9 Billion as Retailers Combat Inflation

In a first indication of what to expect as we enter the heart of the 2022 holiday season, digital Black Friday sales hit record highs despite inflationary pressures, topping $9.1 billion and up 2.3% year-over-year according to data from Adobe Analytics. Salesforce recorded even bigger success, with its data indicating that digital sales grew 12.1% […]
2 min read
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  1. Channel: Ecommerce & Digital

Amazon to Begin Accepting Venmo Payments

Amazon will begin offering Venmo as a payment option on its website and app, rolling it out to select customers immediately and available to all U.S. shoppers by Black Friday. Amazon shoppers will be able to add their Venmo account as a payment method for their Amazon account and even set it up as their […]
2 min read
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  1. Channel: Delivery

Deliveroo X Klarna: The story behind the ‘eat now, pay later’ backlash

It was always going to be a controversial move and sure enough, eyebrows were raised when food delivery firm Deliveroo announced its partnership with buy now pay later (BNPL) company… The post Deliveroo X Klarna: The story behind the ‘eat now, pay later’ backlash appeared first on Latest Retail Technology News From Across The Globe […]
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  1. Shopper & Customer

How to Avoid Brand Dilution But Still Offer BNPL

We live in the age of embedded finance, where non-financial organizations are seamlessly integrating financial services into their customer journey. In fact, most major retailers have added a third-party financing service to their checkouts — like Klarna or Afterpay — to offer split payments, point-of-sale (POS) installment loans, and lines of credit. But there are […]
3 min read
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  1. Media & Marketing

Klarna’s Sebastian Siemiatkowski and the curious case of tweeting tech CEOs

Sebastian Siemiatkowski, Co-founder and CEO at buy now, pay later big hitter Klarna, has been at it again on Twitter. Early last week, he set his sights on Martin Lewis, after the financial journalist, broadcaster and founder of the MoneySavingExpert website criticised Deliveroo for adding Klarna as a payment option. Dear @Deliveroo do you really […]
2 min read
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  1. Media & Marketing

RTIH Top 100 Retail Technology Influencers List opens for nominations

We’re now accepting nominations for our Top 100 Retail Technology Influencers List of 2023. This annual offering, which is presented in no particular order, covers retailers, technology suppliers, startups, consultants, analysts, and thought leaders who are making an impact in the retail technology space. Does that sound like you or one of your colleagues? If […]
3 min read
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  1. Channel: Delivery

Martin Lewis slams Deliveroo for adding Klarna option

Martin Lewis has criticised food delivery service Deliveroo for adding BNPL service Klarna as a payment option. Klarna has been added to the app as an option alongside credit, debit… The post Martin Lewis slams Deliveroo for adding Klarna option appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Holiday & Events

Adobe Analytics: Digital Holiday Sales Expected to Rise 2.5% to $209.7 Billion

Adobe expects U.S. online holiday sales to hit $209.7 billion in the period from Nov. 1 to Dec. 31, 2022, a 2.5% increase over holiday 2021. Adobe also expects more of this spending to come earlier in the season due to early shopping holidays such as the second Amazon Prime Day. The projected growth is […]
2 min read
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  1. Media & Marketing

7-Eleven launches store operations, CX innovation challenge

Convenience retailer 7-Eleven is teaming up with retail and consumer investment and innovation firm, True, to find innovative ways to simplify store operations in the US and Canada. The pair are hoping to find innovators and businesses that can free up time for 7-Eleven associates so they can focus on the customer and provide excellent […]
3 min read
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  1. Holiday & Events

Adobe: Online Holiday Sales Expected to Reach $209.7B

Online shopping sales are expected to reach $209.7 billion this holiday season (Nov. 1 – Dec. 31), representing a 2.5 percent year-over-year (YoY) growth, according to Adobe. Based on Adobe Analytics data, the report provides a comprehensive view into U.S. e-commerce by analyzing more than 1 trillion visits to U.S. retail sites, 100 million SKUs and 18 product categories. […]
2 min read
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  1. Shopper & Customer

Afterpay introduces new monthly payment solution

Afterpay has introduced a new monthly payment solution giving consumers “even more choice, flexibility and time to pay.” The BNPL giant’s new solution will enable consumers to budget their money… The post Afterpay introduces new monthly payment solution appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Technology & Innovation

Nordstrom tech exec Edmond Mesrobian is leaving the company

Nordstrom Chief Technology and Information Officer Edmond Mesrobian will this week step down from his position, according to a filing with the Securities and Exchange Commission. The retailer is currently searching for his replacement. Mesrobian joined Nordstrom from Tesco in 2018, taking on a role that had been vacant for over a year. Highlights of […]
3 min read
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Millennials Dominated Holiday Shopping Spend — Here’s What it Means for 2023

In a year when holiday spending on gifts, travel and entertainment was down 1 percent from the year prior, one age group bucked that trend in a huge way. Millennials, perhaps aided by increased incomes due to “The Great Reshuffle,” told us it would spend a whopping 11 percent more than it did in 2021, […]
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  11. Stores & Formats

Retail Traffic Trends #112: Consumer Habits 2023

While some trends come and go, there were a few trends that have stayed with consumers throughout the year.   As online shopping continues to be a popular choice for consumers, physical stores can offer shoppers perks that e-commerce can’t replicate.    This week we look at trends to increase foot traffic and customer loyalty. […]
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