Big-box retailers promote new buy now pay later options ahead of the holidays | Modern Retail

Big-box retailers are starting to make buy now, pay later a bigger part of their holiday strategy.

As Black Friday inches closer, retailers like Target, Amazon and Walmart all have announced new buy now pay later partnerships in the coming weeks, highlighting how these products can be used to fund holiday purchases. Late last week Target announced that it was adding Affirm as a BNPL partner — in addition to an existing partnership with Sezzle — “right in time for the holiday season.” The news follows Walmart’s announcement last month that it would be ending its layaway service — instead expanding its BNPL partnership with Affirm — and Amazon’s announcement of a BNPL partnership with Affirm in August.

As retailers attempt to get consumers shopping early this season, analysts interviewed by Modern Retail think BNPL might help to speed up holiday purchases and draw in younger holiday shoppers — while BNPL providers on betting…

Read it all: Big-box retailers promote new buy now pay later options ahead of the holidays | Modern Retail

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s