New Alternative Credit App Provider Ranking Shows The Sector Ascending

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It’s getting to the point where nobody wants to “pay now.” The idea doesn’t have much marketing zing — and even less when compared to booming buy now, pay later (BNPL) options.

As the PYMNTS Provider Ranking of Alternative Credit Apps reveals this month, BNPL name brands control the board, even as ambitious chart-climbers make daring leaps into new ranks.

BNPL is one of the most electrifying sectors in payments now, building steam for the past five years. Expect more from the alt-credit crowd as times goes by. For now, let’s do the rankings.

The Top 5

Roomies at No. 1 for another month are Afterpay, which is opening a U.S. office in San Francisco, and Klarna, which just added SPARC Group and Authentic Brands Group to offer its “Pay in 4” service network.

QuadPay is standing pat at No. 2 on recent news of its pact with eTailer Newegg.

Popular Affirm remains at No. 3 on its recently reported rise in travel sales volumes.

Now, for an Easter egg: entering the Top 5 at No. 4 this cycle is Sezzle, rising two chart positions from last month. Welcome to the Top 5. We’ve been expecting you (and your upcoming IPO).

Closing out the Top 5 is Utah-based FuturePay, down one but still among the top five apps.

The Top 10

Proceeding to the lower reaches of our Provider Ranking of Alternative Credit Apps, interest-free Zip Pay drops a spot to land at No. 6 this month, while at No. 7 the Paidy app isn’t budging. The company recently announced its Paidy Link digital wallet partnership with PayPal.

At No. 8 we’ve got the LayBuy app holding position, as is buzzing Humm at No. 9, which rolled out its clever “business now, pay later” solution called “hummpro” earlier this year.

Taking us out on a chill note is the LazyPay app, at No. 10 yet again. Nothing lazy about that.




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