Tagged: bnpl

American Fintech Council Testifies in Rhode Island, New York on Consumer Financial Services

The American Fintech Council (AFC), an industry association representing fintech companies and banks, delivered testimony before the Rhode Island Senate Committee on Commerce and Policy and the D.C. Council Business and Economic Development Committee opposing recently introduced legislation. Phil Goldfeder, AFC CEO and former member… Read More

Apple BNPL Now Available as Default Option on Stripe Transactions

Payments platform Stripe is now incorporating Apple Pay Later, a buy now pay later (BNPL) service, by default for its merchants. Apple (NASDAQ:AAPL) revealed its BNPL product in 2022. The announcement immediately caused shares in other BNPL providers to stumble due to the company’s size. Apple… Read More

Stripe Reports Over $1 Trillion in Payments Volume

Stripe’s mission is to grow the GDP of the internet. The core idea behind the company—one they endeavor to take very seriously—is that we’re still early in the journey of software-driven innovation, and Stripe is “an applied exercise in thinking through some of the corollaries… Read More

BNPL Adoption Report: Buy Now Pay Later Client Satisfaction Improves But Service Provider Performance Varies Significantly

Although the rapid rise of Buy Now Pay Later (BNPL) services has been accompanied by a growing chorus of concern about runaway consumer debt, the customers who are using these services are growing “increasingly satisfied with their experiences.” According to the J.D. Power 2024 U.S…. Read More

Apple BNPL Users Will Have their Payment History Reported to Experian

Apple (NASDAQ:AAPL) released a buy now pay later (BNPL) product a year ago. Expectations are for a more extended credit option to appear soon as Apple continues its ongoing expansion into financial services. Today, Experian has shared that Apple BNPL users will now have their… Read More

BNPL: Fintech Adyen and Billie to Bring Buy Now Pay Later to Firms Across Europe

Adyen (ADYEN:AMS), the financial technology platform of choice for leading companies, and Billie, the B2B payments innovator, join forces to let Adyen’s customers enable B2B Buy Now, Pay Later (BNPL) payments services. By partnering up with Billie, Adyen reportedly “helps merchants and their business customers… Read More

96% of Klarna Black Friday purchases paid off on-time or early

Klarna, a global payments provider and shopping assistant, is reporting that 96% of BNPL purchases made during the 2023 Black Friday weekend in the United States were paid on time or early. Notably, 30% of American purchases were paid off early, ahead of their due… Read More

BNPL Fintech Zilch Introduces Pay Over 3 Months Interest-Free Regulated Product

Zilch, the ad-subsidized payments network (ASPN), today announces the launch of a new credit payment product, allowing its customers to spread interest-free repayments for larger purchases over three months. The new ‘Pay over 3 months’ product will aim to “provide more flexibility to customers and… Read More

Credit Agricole Acquires Pledg, a BNPL Provider

Crédit Agricole Consumer Finance has announced the acquisition of Pledg, a provider of buy now pay later (BNPL) services. Terms of the deal were not revealed. Pledg was founded in 2016 aiming to serve companies operating in B2C/B2B and financial institutions wishing to launch their own… Read More

NY Federal Reserve Explains Why Consumers Use Buy Now Pay Later (BNPL)

The Federal Reserve Bank of New York has published a write-up on Buy Now Pay Later (BNPL) services explaining reviewing which consumers select this payment option. Economists and analysts Felix Aidala, Daniel Mangrum, and Wilbert van der Klaauw claim that “more-fragile households” use these services… Read More

ASIC Slaps BNPL Provider Elepay

The Australian Securities and Investments Commission (ASIC) has received a “court-enforceable” decision addressing the operations of Elepay (Elevare Pay Easy Pty Ltd), a buy now pay the later provider (BNPL). According to a statement issued by ASIC, Elepay failed to Target Market Determination (TMD) before… Read More

Kueski, a BNPL Provider in LatAm, Available as Payment Option via Amazon for Mexico based Consumers

Kueski, the buy now, pay later (BNPL) provider in Latin America, has taken a major step forward in expanding financial access for everyday Mexicans and will now be available as a payment option on Amazon.com.mx. As a result, shopping will be more convenient and customers… Read More

India: DMI Group Acquires Goldman Sachs-backed BNPL Firm ZestMoney

India-based financial services platform DMI Group has announced its acquisition of the Goldman Sachs-backed ‘buy now pay later’ (BNPL) platform ZestMoney. This comes after the Bengaluru-based ZestMoney ceased operations following unsuccessful attempts to revive its business amid regulatory uncertainties. DMI, having raised over $1.5 billion… Read More

Billink, the Netherlands based BNPL Fintech, Secures €29.5M from Germany’s Varengold Bank

Billink, the Netherlands-based Buy Now Pay Later (BNPL) solution trusted by 3 million shoppers, has raised €29.5 million from the German Varengold Bank. The payment provider will use the funding “to expand its offering to the top-50 largest Benelux web shops, enter the German market,… Read More

NY Governor Kathy Hochul Wnats to Regulated Buy Now Pay Later (BNPL) More Strictly

As part of New York Governor Kathy Hochul’s State of the Union address, “sweeping consumer protection” was unveiled for buy now pay later (BNPL) providers. The Governor seeks to amend New York’s consumer laws to boost protections against practices deemed to be “unfair” while establishing… Read More

BNPL Fintech Affirm Teams Up with Evolve, a Vacation Rental Hospitality Firm

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced an exclusive partnership with Evolve, a vacation rental hospitality company with more than 30,000 properties in 750 markets. Now, eligible travelers can book vacation rentals and pay over time “with… Read More

BNPL Fintech Affirm Expands Services with Walmart to Provide Flexible Pay Over Time Options to Self-Checkout Kiosks

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced it has expanded its services with Walmart in order to “bring Affirm’s transparent and flexible pay-over-time options to self-checkout kiosks at over 4,500 Walmart stores in the United States.”… Read More

BNPL: Klarna, the AI-powered Payments Network, Teams Up with CarTrawler, the B2B Tech Provider of Car Rental Services

Klarna, the AI-powered payments network and shopping assistant, announced an agreement with CarTrawler, the B2B technology provider of car rental and mobility solutions to the global travel industry. Under the agreement, travelers can now pay for their car rental “using Klarna’s full range of flexible… Read More

Seiz: Latin American Investment Outlook on the Rise Heading Into 2024

An industry watcher believes 2024 will be a better year for Latin American companies seeking investment. Andrew Seiz is the vice president of capital markets and investor relations for Kueski, a large Latin American BNPL and online consumer lending provider. He has extensive experience in… Read More

Saudi Central Bank Announces New Regulatory Framework for BNPL Services

The Saudi Central Bank (SAMA) has officially introduced a set of rules aimed at regulating “Buy Now, Pay Later” (BNPL) services, marking a significant step in overseeing and controlling this rapidly growing sector. This development, as stated in a recent SAMA press release, is part… Read More

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