Remove 2021 Remove BNPL Remove Returns
article thumbnail

Online Payments and the eCommerce Market in 2025

Clearly Payments

trillion, growing by more than 55% since 2021. growth since 2021. The Buy Now, Pay Later (BNPL) trend is surging, with over 60 million Americans using BNPL services, particularly for electronics, fashion, and home goods. Ecommerce in 2025 is bigger and faster than ever. Global online sales are expected to hit $8.3

BNPL 59
article thumbnail

The Rise and Fall of BNPL: Is the Due Date Near for ‘Pay Later’ Services?

Fintech News

The global flirtation with Buy Now Pay Later (BNPL) services seems to be coming undone, as new data on consumer payments unveils a significant drop in the appetite for this contentious credit payment approach. US BNPL users declined more in 2023 than the preceding years. US BNPL users declined more in 2023 than the preceding years.

BNPL 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

US Consumer Watchdog Decision Offers BNPL Users Credit Card-Level Protections

The Fintech Times

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections. Will BNPL increase the consumer debt burden?

BNPL 64
article thumbnail

Examining BNPL Solutions’ Role In The 2020 Holiday Shopping Season

PYMNTS

BNPL and the Channel-Agnostic Approach. Buy now, pay later (BNPL) solutions have recently experienced rapid growth, with Black Friday and Cyber Monday data revealing that the trend has continued through the holiday season. PYMNTS research also indicates that BNPL is quickly becoming the preferred payment method for more consumers.

BNPL 67
article thumbnail

Buy Now Pay Later: Nexi and Compass Expand Their Partnership to Include E-commerce

Fintech Finance

Nexi , the European PayTech leader, and Compass , the Mediobanca Group’s consumer credit arm, are consolidating their strategic partnership in the Buy Now Pay Later (BNPL) segment by expanding it to include the e-commerce channel as well.

BNPL 98
article thumbnail

CFPB Takes Action to Ensure Consumers Can Dispute Charges and Obtain Refunds on Buy Now, Pay Later Loans

Fintech Finance

These include a right to dispute charges and demand a refund from the lender after returning a product purchased with a Buy Now, Pay Later loan. The CFPB began studying the Buy Now, Pay Later industry in 2021. In a market report, the CFPB uncovered that more than 13% of Buy Now, Pay Later transactions involved a return or dispute.

article thumbnail

A Revival of Fintech Funding in 2024 is Just a Pipe Dream… Or is it?

The Fintech Times

The research published indicates that since 2021, fintech funding has dropped considerably. However, the general trend is ‘bear’ when it comes to the rest of the fintech space, BNPL getting the biggest share of clear failures, the rest either settling with down rounds or struggling to raise cash at all.

FinTech 116