buy now, pay later
Coverage of buy now, pay later in the Nexus archive.
- Amazon Prime Day total online spending surpasses Adobe estimate
Online spending during Amazon's Prime Day reached $26.4 billion, surpassing Adobe's initial estimate of $26.3 billion and showing a 9.3% increase from the previous year. Competitors like Walmart and Target offered overlapping promotions, while Adobe reported similar discount rates as last year, with 'buy now, pay later' features accounting for 6.6% of orders. Amazon stated it was 'pleased with the positive customer response' but criticized external data sources as 'often inaccurate.'
- Retail had a 'surprisingly robust' first quarter, but the real test is ahead as tax refunds dry up
The retail industry reported strong first-quarter sales and profits, but high tax refunds and 'buy now, pay later' options are obscuring weaker consumer demand. The sector faces uncertainty as tax refunds diminish.
- Can Buy Now, Pay Later debt impact Social Security recipients?
The 'Buy Now, Pay Later' payment method may affect Social Security recipients' benefits and financial stability, potentially in unforeseen ways. Retirees using this tool could face unexpected financial challenges related to their retirement income.
- Food prices just had their highest month-to-month jump in years
Food prices rose 0.68% in April, the largest monthly increase since August 2022, driven by supply chain disruptions from the pandemic, the Russia-Ukraine war, and higher oil prices due to a conflict in the Strait of Hormuz. Under the Biden administration, food inflation eased slightly, but it accelerated 3.16% since Trump took office, with Trump dismissing concerns about affordability.
- More Americans are buying groceries using buy now, pay later: Survey
Nearly a third of buy now, pay later users in the U.S. have used the service for groceries, doubling the share from two years ago. This highlights a growing trend in using installment loans for everyday purchases.