Affirm CEO Max Levchin breaks down how "Buy Now, Pay Later" really works https://t.co/eGBTDegTNK ...

Core Insights - Cozey has integrated Klarna's buy now, pay later (BNPL) solutions into its online stores in the U.S. and Canada, enhancing payment flexibility for customers [1][2] - The partnership aims to simplify furniture shopping and make high-quality design more accessible, aligning with both companies' customer-first approaches [3][4] Company Developments - Cozey's eCommerce platform now offers multiple payment options, including Pay in Full, Pay in 4, and financing for larger purchases [2] - Klarna's partnership with Cozey expands its presence in the high average order value furniture category, indicating a strategic move to capture more market share [3] Financial Performance - Klarna reported a 32% year-over-year increase in active consumers, reaching 114 million, and a 38% rise in the number of merchants to 850,000 [4] - The company's gross merchandise value (GMV) grew to $32.7 billion, with a 43% year-over-year increase in the U.S., and revenue reached $903 million, reflecting a 51% growth in the U.S. market [5] Consumer Behavior Insights - A report indicated that 43% of consumers would not make a purchase without BNPL options, highlighting the significant impact of these payment solutions on consumer spending behavior [6]

Core Insights - Cyber Monday 2023 saw record online spending of $14.25 billion, marking a 7.1% increase from the previous year and surpassing Adobe's projection of $14.2 billion [1] - The surge in spending was driven by competitive discounts across various categories, including electronics, toys, and apparel [2] - The overall online spending from November 1 to December 1 reached $137.4 billion, a 7.2% increase year-over-year, with significant contributions from Black Friday and Cyber Monday [8] Discounts and Consumer Behavior - Discounts on electronics reached up to 31%, toys up to 28%, and apparel up to 25%, with specific items like computers, televisions, and furniture seeing discounts of 23%, 22%, and 19% respectively [2][3] - Retailers utilized aggressive discounting strategies to stimulate online demand, leading to earlier shopping patterns and increased competition between Black Friday and Cyber Monday [5] - Adobe forecasts that discounts will continue, albeit at reduced levels, into the first week of December, with toys seeing up to 23% off and electronics and apparel at 20% and 19% respectively [6] Payment Trends - The rise in "buy now, pay later" platforms indicates consumers are seeking flexible payment options to manage their budgets, with this method driving $1.03 billion in online spending on Cyber Monday, a 4.2% increase year-over-year [10]

Core Insights - Seven state Democratic attorneys general are investigating Buy Now, Pay Later (BNPL) services, requesting details on loan costs, structures, and consumer repayment abilities [1][2][3] Group 1: Regulatory Actions - Companies such as Klarna Group Plc, Affirm Holdings Inc., and Afterpay Ltd. received letters from state attorneys general, requiring them to provide detailed information about their loan products and customer interactions within 30 days [2] - The inquiry is a response to a reduction in federal regulation, as the Consumer Financial Protection Bureau previously revoked a rule that classified many BNPL services under the same regulations as credit cards [5][6] Group 2: Consumer Protection Concerns - Connecticut Attorney General William Tong expressed concerns that aggressive marketing of BNPL services may lead consumers into expensive debt traps, especially during the holiday season [3][4] - The state officials are seeking information on how companies assess delinquencies and borrowers' repayment capabilities, as well as their compliance with the federal Truth in Lending Act [7] Group 3: Market Growth Projections - The volume of BNPL transactions is projected to reach $687 billion by 2028, a significant increase from $334 billion in the previous year, indicating rapid growth in the sector [6]

Core Insights - Black Friday and Cyber Monday sales reached record levels in 2025, driven by e-commerce despite low consumer sentiment and inflation pressures [2] E-commerce Performance - U.S. shoppers spent $11.8 billion on Black Friday, with Shopify merchants generating $14.6 billion in sales, a 27% increase from the previous year [3][4] - The average cart price on Shopify was $114.70, with top-selling cities including Los Angeles, New York, London, San Francisco, and Miami [3] AI Influence - AI tools increased online traffic to retail websites by 805% year-on-year, as consumers sought the best deals [5] - Amazon's AI shopping agent, Rufus, saw over 250 million users this year, with a 149% increase in monthly average users [7] Payment Trends - "Buy Now, Pay Later" (BNPL) options accounted for $747.5 million in online spending on Black Friday, an 8.9% increase year-over-year [7] - Adobe predicted BNPL usage would exceed $1 billion by the end of Cyber Week, indicating consumer willingness to spend despite cash constraints [7] Foot Traffic Insights - Mall attendance reached new records, with the Mall of America seeing 235,000 visitors on Black Friday, an 8% increase [9] - However, small retailers experienced a 5.3% decrease in foot traffic, as shoppers preferred e-commerce for convenience [10][11]

The offices of seven state Democratic attorneys general asked providers of Buy Now, Pay Later services for details about the cost and structures of their installment loans, as well as consumers’ ability to repay them https://t.co/jEmeXDg31h ...

Core Insights - Retail giants Walmart and Amazon are expanding their lending operations in India, targeting small businesses and eCommerce shoppers [2][4] Group 1: Amazon's Initiatives - Amazon plans to offer loans to small business owners in India, having acquired the nonbank lender Axio, which provides BNPL and personal loans [2] - The company aims to design tailored lending propositions to enhance cash flow management for merchants and small businesses [3] Group 2: Walmart's Flipkart Developments - Flipkart, owned by Walmart, is exploring buy now, pay later (BNPL) products and has registered its nonbank lending arm, Flipkart Finance, awaiting regulatory approval [4] - Flipkart plans to offer no-cost monthly installment loans for eCommerce shoppers and loans for consumer durables with interest rates between 18% and 26% per year, expected to launch next year [4]

well idk thats why i twote the tweetReality (@realityuk):@blknoiz06 How do you think “buy now, pay later with 0 interest” schemes make money? Lol ...

Core Insights - Seeking Alpha welcomes a new contributing analyst, Tyler Franklin, who encourages others to share investment ideas [1] Group 1 - The analyst graduated from the University of Alabama in 2017 with a degree in Management Information Systems [2] - Currently employed at Southwest Research Institute in San Antonio, TX, as an application developer [2] - The analyst has been investing since 2017 and emphasizes the importance of thorough research before initiating positions in quality or undervalued businesses [2] Group 2 - The analyst holds a beneficial long position in the shares of PRG, owning 107 shares [3][4] - The article expresses the analyst's personal opinions and is not influenced by any business relationships with companies mentioned [3]

Core Insights - Klarna's shares have decreased by approximately 30% since its IPO, indicating a challenging post-IPO environment for the company [1][5] - Despite reporting better-than-expected results, Klarna's shares fell 9% due to a wider-than-anticipated adjusted operating loss of $14 million [2][8] - The company reported a third-quarter net loss of $0.25 per share on revenue of $903 million, with gross merchandise value (GMV) reaching $32.7 billion and active users at 114 million, both surpassing analyst expectations [3][4] Financial Performance - Klarna's adjusted operating loss was $14 million, compared to the expected loss of $11.3 million [2] - The third-quarter revenue was $903 million, exceeding analyst consensus [3] - Klarna's GMV for the third quarter was $32.7 billion, also beating estimates [3] Future Outlook - Klarna provided guidance for fourth-quarter revenue between $1.065 billion and $1.080 billion, and GMV between $37.5 billion and $38.5 billion, both better than analyst estimates [3] - The company plans to sell up to $6.5 billion in loans from its Fair Financing portfolio to Elliott Investment Management over the next two years [6][8] Market Position - Klarna's performance reflects the transition of buy now, pay later (BNPL) services from niche offerings to mainstream payment methods for everyday purchases [4] - The company is focusing on expanding its U.S. presence and banking products while managing growth and profitability [4][5]