Steve Delpy said there could be opportunities in the payments industry slowdown in a conversation with Insider Intelligence.

Steve Delpy said there could be opportunities in the payments industry slowdown in a conversation with Insider Intelligence.

Some 40 million people will use Klarna in the US next year, marking a 15.6% increase for the buy now, pay later (BNPL) service. Over the coming years, growth will slip into the single digits, a far cry from the 115.0% surge back in 2020.

The company’s gross merchandise volume surged 62% YoY thanks to a boost in active customers and merchants.

It launched Ant Bank PayLater, which will let AlipayHK users spread purchases across three-month installment plans.

Our research validates that Klarna is at the cutting edge of BNPL innovation, offering 35 of 49 features selected by our analysts based on their ability to differentiate BNPL providers.

We delve through PayPal’s Q3 earnings report to give you the main takeaways.

On today’s episode, we discuss the Fed raising interest rates and how that is impacting fintech lenders. In our “Headlines” segment, we discuss recent developments in fintech and buy now, pay later (BNPL). In “Story by Numbers,” we select two numbers that tell a story about the challenges neobank lenders are facing and two numbers about their untapped opportunities. And in “Pretend CEO,” host Rob Rubin challenges Ahon Sarkar, general manager of Helix by Q2, to pretend he’s the newly hired CEO of a monoline BNPL company. Tune in to the discussion with Rob Rubin and Ahon Sarkar.

British firms are capitalizing on consumers and small businesses seeking out more flexible and interest-free payments.

Demand for digital account opening will decrease in 2022 due to economic volatility. Growth will be slow in 2023 and stagnate by 2024.

The government may require BNPL providers to carry out affordability checks before approving customers, among other measures.

How do Klarna’s BNPL product features measure up to customer demand? We show how new features can balance these demands against the competing interests of shareholders and regulators.

The most informative sessions unpacked providers’ increased alertness around fraud, the next era of BNPL, attendees’ excitement over open banking innovation, and fintechs’ efforts to align with regulators.

Incoming regulation, rising delinquencies, and a shaky economic outlook may lead to industry-wide changes

Digital account opening volume will tank in 2022 due to economic volatility. But slow growth will resume in 2023, fueling fierce competition.

Visa brought its BNPL solution to more Canadian retailers and expanded Visa Direct through a partnership with Thunes.

Apple and Goldman Sachs teamed for the new high-yield savings feature.

As the cost of living rises, the range of different industries accepting BNPL is diversifying.

The Cyber Five period used to be the kickoff to the holiday shopping season. But this year, Amazon’s October Prime Day event could take away from Black Friday and Cyber Monday deals, according to Adobe.

BNPL providers must develop consumer rewards programs to effectively compete within consumer payments.