Buy Now news and archive

What role will buy-now, pay-later programs play in inflation?

Buy-now, pay-later might not be a new concept (hello, credit cards and mortgages). However, programs like Affirm, Klarna, Afterpay, and Zip have modernized what could be likened to layaway in the old days with installment plans that are interest-free if you pay within a certain timeframe. This sounds almost too good to be true, but these...

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Retail|IN-DEPTH

“Buy now, pay later”: pay-by-installment rises in fashion thanks to indebted millennials

Those following the fashion industry closely have probably noticed the name Klarna popping up again and again among the headlines. The Swedish fintech company, which raised 460 million US dollars (approximately 368 million pounds) in equity funding in August, has announced a series of fashion partnerships over the last six months, including...

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Fashion

‘See now, buy now’ sees an industry divided as Italy’s Fashion Chamber rejects instant fashion

London - Debate concerning the current affairs of the fashion system has resulted in the rise of the direct-to consumer business model. Whilst a number of global fashion houses, such as Burberry, Vetements, Tom Ford and Tommy Hilfiger, have announced their intentions to break away from the traditional calendar to cater to consumers need for...