CMSPI - State of the Industry Report - 2025

ENDNOTES 7

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PayPal Launches Extended Pay Later Option | PYMNTS

580 Klarna files registration statement for proposed Initial Public Offering | Klarna International 581 Easy Payments: The Rise of Installment Selling | Harvard Business School 582 Easy Payments: The Rise of Installment Selling | Harvard Business School 583 Easy Payments: The Rise of Installment Selling | Harvard Business School 584 Easy Payments: The Rise of Installment Selling | Harvard Business School 585 Easy Payments: The Rise of Installment Selling | Harvard Business School 586 Easy Payments: The Rise of Installment Selling | Harvard Business School 587 Easy Payments: The Rise of Installment Selling | Harvard Business School 588 New perspectives on 20th-century European retailing | Business History 589 The Evolution of Buy Now, Pay Later: A Historical Perspective | Medium 590 The Evolution of Buy Now, Pay Later: A Historical Perspective | Medium 591 Easy Payments: The Rise of Installment Selling | Harvard Business School 592 History of Credit Cards: When Were Credit Cards Invented? | Forbes 593 Easy Payments: The Rise of Installment Selling | Harvard Business School 594 New perspectives on 20th-century European retailing | Business History 595 History of Credit Cards: When Were Credit Cards Invented? | Forbes 596 History of Credit Cards: When Were Credit Cards Invented? | Forbes 597 History of Credit Cards: When Were Credit Cards Invented? | Forbes 598 Private Label Credit Cards: Overview, Benefits and Examples | Investopedia 599 Private Label Credit Cards: Overview, Benefits and Examples | Investopedia 600 The Evolution of Buy Now, Pay Later: A Historical Perspective | Medium 601 The Evolution of Buy Now, Pay Later: A Historical Perspective | Medium 602 Affirm is 10 years old! | Affirm 603 About Us | Klarna 604 The Afterpay Story | Afterpay 605 PayPal Launches Its ‘Pay in 30 Days’ in Germany | PYMNTS

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