Tagged: bnpl

February 14, 2024 @ 4:37 pm By JD Alois  |  

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

February 2, 2024 @ 10:53 am By JD Alois  |  

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

January 30, 2024 @ 10:18 pm By Omar Faridi  |  

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

January 20, 2024 @ 7:43 pm By Michael Wong  |  

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

January 20, 2024 @ 1:07 pm By Omar Faridi  |  

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

January 14, 2024 @ 11:12 am By JD Alois  |  

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

January 11, 2024 @ 11:11 pm By Omar Faridi  |  

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

December 26, 2023 @ 11:13 am By Omar Faridi  |  

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

December 18, 2023 @ 7:52 am By Omar Faridi  |  

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

December 17, 2023 @ 10:02 pm By Tony Zerucha  |  

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

December 17, 2023 @ 3:11 pm By Michael Wong  |  

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

December 16, 2023 @ 5:31 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced a partnership with Zenni Optical, the online eyewear retailer. Now, eligible shoppers can pay over time for their favorite items “from Zenni’s extensive selection of fashionable and high-quality prescription and… Read More

December 14, 2023 @ 3:21 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced their flexible and transparent payment options will be “offered to consumers and merchants that use Google Pay for online checkout in the U.S.” Beginning in Q1 2024, Affirm will be “available… Read More

December 12, 2023 @ 11:00 pm By Omar Faridi  |  

Airbnb and Klarna have joined forces to launch Pay Over Time with Klarna, which is described as being a new way for guests in the UK to spread the cost of their reservation. The launch is part of a phased global roll-out which “will see… Read More

December 11, 2023 @ 10:17 am By Tony Zerucha  |  

The CEO of the American Fintech Council voiced his support for the Office of the Comptroller of the Currency’s recent statements on BNPL products. Phil Goldfeder said they provide clarity for banks and fintechs that offer responsible BNPL services. Goldfeder explained that responsibility includes identifying… Read More

December 4, 2023 @ 11:49 pm By Omar Faridi  |  

Globally, the peak minute of shopping occurred on Black Friday at 2:09 pm ET on November 24, 2023, according to an update shared by Square. Cities with the largest volume of sales were New York, Los Angeles, London, Chicago, and Miami. Over the Black Friday… Read More

December 4, 2023 @ 9:36 pm By Omar Faridi  |  

Klarna, the AI-powered payments network and shopping assistant, has partnered with  airline Cathay Pacific in order “to offer fairer, flexible payments to travellers in six countries across Europe.” The agreement is the latest in a series of travel tie-ups for Klarna “as the company aims… Read More

November 24, 2023 @ 8:16 am By Omar Faridi  |  

Prior to the UK leaving the EU, EEA-based firms were able “to operate in the UK without our direct authorization.” The UK’s Financial Conduct Authority (FCA) notes that the Temporary Permissions Regime, which allowed EEA firms to continue “to operate in the UK while transitioning… Read More

November 20, 2023 @ 2:25 pm By Omar Faridi  |  

Rokt, the ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, announced its partnership with Afterpay, one of the global leaders in “Buy Now, Pay Later” payment. The partnership enables Afterpay to offer its ecommerce shoppers “highly relevant… Read More

November 3, 2023 @ 2:21 pm By Omar Faridi  |  

Americans are shopping earlier than ever before and leveraging flexible payments to manage their expenses during the holiday season according to newly released research from leading financial services company Zip Co (ASX: ZIP). The survey of more than 3,000 U.S. adults revealed “that 57% of… Read More