With these retailers, Neo Financial offers products like co-branded cards and buy now, pay later options. Trendspotting: Including Neo Financial, Canadian neobanks have raised over $1 billion CAD over the past year and are bringing serious competition to the five Canadian incumbent banks.

Look for Apple to offer additional products—similar to its buy now, pay later (BNPL) service—while Facebook and Google create more integrations between their digital wallets and existing banking or financing solutions. Trend: Hyper-Personalization Catches on in Banking and Wealth Management. One-size-fits-all financial services exclude too many customers.

Setting up payment plans for consumers will alleviate their stress while keeping them in the provider’s system: 8 in 10 patients said affordable payment options would make them less likely to skip visits, per Waystar’s survey.

The payments firm’s total payment volume hit a whopping $311 billion—and it will likely sustain that momentum as it dives deeper into BNPL and cryptocurrencies and builds out Venmo and its in-store payments business.

The deal for the buy now, pay later provider, worth about $29B, hands Square an opportunity to roll out a consumer-side neobank in the US and to straddle two neobanking segments in Australia.

Visa, Mastercard, and American Express will have to compete with the rise of alternative payment methods like buy now, pay later (BNPL) and account-to-account (A2A) payments that leverage open banking. Two major issuers entered the A2A market this week, and others may follow—including domestic schemes. Swipe fees will remain a point of tension between merchants and card networks.

The Canada-based firm’s end-to-end support for the tuition payment process includes solutions like digital bill presentment, student payment plans, multicurrency payment acceptance, and refunds. PayMyTuition’s new offerings let educational institutions send students electronic bills with request to pay, which triggers automatic email and SMS alerts.

The news: The buy now, pay later (BNPL) giant added a Pay Now option to its US checkout experience so customers can pay in full wherever Klarna is accepted, per a press release. Klarna will also introduce the Klarna Card—which lets users pay in installments in-store and online—to the US market “very soon.” The Klarna Card integrates into the Klarna app and is connected with its loyalty program, Vibe.

Apparel buyers valued in-store buy now, pay later (BNPL) financing nearly as highly as online BNPL. This type of installment payment first took off online among Gen Z and millennial consumers, but it is now finding its way into more stores and a broader base of users. Despite all the hype, consumers are not yet clamoring to make apparel purchases via cryptocurrency.

For example, several major banks last year began testing buy now, pay later (BNPL) services—a space dominated by fintechs like Klarna and Afterpay. While fintechs have historically outshined banks in the digital department, banks are ramping up their offerings to keep consumers and merchants tied to their business and attract new ones. Related content: Check out our analysis from J.D.

On today's episode, we discuss what brand new forecasts the forecasting team cooked up in Q2, including social media buyers and buy now, pay later service users. We then talk about the 2021 NBA finals ratings, a landmark ruling that lets brands work with NCAA athletes, and why OOH ad prices are on the rise. Tune in to the discussion with eMarketer forecasting analyst Nazmul Islam and director of forecasting at Insider Intelligence Oscar Orozco.

Visa reported a 34% YoY rise in payments volume in its fiscal Q3—and its recent moves in the BNPL, cryptocurrency, and cross-border payments spaces can help it maintain its trajectory and build market share.

Apple Pay’s large acceptance network and user base could make it a formidable player in the buy now, pay later space—posing a major threat to incumbent BNPL providers and credit cards.

The top 3 buy now, pay later platforms

The Spot card’s vast acceptance network could make Citi a formidable player in the BNPL space and threaten business for incumbent players like Afterpay and Klarna.

Launching and improving digital services like mobile banking, digital wallets, and BNPL options is essential for FIs. The most innovative credit unions can use these services to build on their trusted reputations and attract new customers.

After massive growth on the consumer side of the market, buy now, pay later (BNPL) is also starting to trickle into the B2B space. SMB payments provider Veem just entered the B2B BNPL space with two new short-term flexible lending products. Billie, a B2B BNPL provider, partnered with BNPL giant Klarna to expand its reach.

We’re at an inflection point right now where I expect more attention and energy will be given to how these trends are playing out—for example, the Consumer Financial Protection Bureau (CFPB) is looking into buy now, pay later (BNPL) providers.

Buy now, pay later (BNPL) services have emerged in recent years as more retailers, including Walmart and Macy’s, began offering consumers financing options when checking out.

On today's episode, we discuss which pandemic personas will stick around, why brands are struggling to know who their customers are, and the most important ways consumer behavior has likely changed permanently. We then talk about how people will shop once businesses are fully reopen, two new in-store virtual reality (VR) experiences, and what Apple's new “buy now, pay later” service could do to the space. Tune in to the discussion with eMarketer principal analyst at Insider Intelligence Suzy Davidkhanian.

The banking giant will build out its buy now, pay later footprint by creating two key roles within its Marcus direct bank—and its ambitions could add prospects for its upcoming checking account.

Making money through ads has gotten harder, so many developers will place bets that consumers are ready to sign up for even more subscriptions and to buy things directly through their apps.

More than 45 million people ages 14 and older in the US will use buy now, pay later (BNPL) services this year, according to our inaugural user forecast for these financing options. That’s up 81.2% over 2020, and the age range of BNPL users will widen over the coming years as well.

This fall, US consumers will be able to use Afterpay’s app to shop at popular retailers even if those stores don’t have a partnership with the BNPL provider, helping it capitalize on a lucrative market and fostering increased customer engagement.