Fintech groups oppose state BNPL rules

Fintech groups oppose state BNPL rules

Lobbying organizations argue that New York's rules treat buy now, pay later purchases too much like credit card transactions.

‘Zero of my profits will come from late fees’: Affirm’s Max Levchin on building trust in lending

Affirm's Max Levchin looks back on the company’s early days, shedding light on the hurdles of launching the business and developing its installment offerings

Buy Now Pay Later’s Business Models Evolve Beyond Pay in 4

Debit turns into credit as buy now pay later business models continue to evolve. As the new year dawned, PYMNTS Intelligence detailed that debit was the payment of choice for everyday spending for items such as groceries. Bank earnings indicated that card spend, though slowing, was still intact. And during the latest earnings from the likes of Visa, debit volumes outpaced credit volumes. Separate data from PYMNTS Intelligence, as estimated in th…