Tagged: bnpl

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

November 2, 2023 @ 12:54 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, released new data revealing shoppers’ priorities this holiday season. While consumers face continued economic uncertainty, the survey of 2,000 gen pop Americans revealed “they are still planning to spend: 3 in… Read More

October 23, 2023 @ 9:32 pm By Omar Faridi  |  

It’s been several years since financial services upstarts reimagined buy now pay later (BNPL) as a point-of-sale (POS) payment method. Since then, this once-obscure way of transacting has “been placed front and center at the checkout by merchants worldwide, and 28% of U.S. consumers now… Read More

October 18, 2023 @ 1:55 pm By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a new partnership with Scalapay, Southern Europe’s BNPL provider, “to leverage Marqeta’s platform to issue cards both online and in-store.” Marqeta and Scalapay have… Read More

October 16, 2023 @ 9:22 am By JD Alois  |  

Young buy now pay later (BNPL) provider Waylog is reporting solid growth. Founded in 2022, the Sweden-based Fintech reports going from SEK 20 million to over SEK 500 million ($46 million USD). According to a statement from the lender, a new partnership with Froda is… Read More

October 7, 2023 @ 3:38 pm By Omar Faridi  |  

Galileo Financial Technologies, LLC, a Fintech owned by SoFi (NASDAQ: SOFI), announced that its Galileo Buy Now, Pay Later (BNPL) offering is now available for lenders to offer it as a service for their small business clients (SMBs). In partnership with Mastercard, banks and fintechs working… Read More

September 27, 2023 @ 4:49 pm By Omar Faridi  |  

We recently sat down with Vishal Kapoor, Head of Product at Affirm (NASDAQ: AFRM), a payment network that helps millions of consumers spend and save “responsibly” and empowers hundreds of thousands of businesses with the tools to fuel growth. In his role, Vishal leads the… Read More

September 25, 2023 @ 9:47 am By Omar Faridi  |  

Businesses in the UK can now give their trade customers up to 12 months to pay for products or services, with a new feature of iwoca‘s integrated B2B payments solution iwocaPay. Building on a 3 month offering, iwocaPay has now “added a second option allowing… Read More

September 14, 2023 @ 11:10 am By Omar Faridi  |  

Episode Six (E6), a global provider of enterprise-grade payment processing and ledger infrastructure, announced the launch of Business Now, Pay Later. This solution enables commercial banks “to capture new revenue streams by meeting the working capital needs of small and medium-sized enterprises (SMEs) through tailored… Read More

September 10, 2023 @ 5:06 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with Booking.com, one of the world’s online travel platforms, “to offer flexible payment options for travel bookings.” Through this partnership, Affirm is available “at checkout across several… Read More

September 8, 2023 @ 5:04 pm By Omar Faridi  |  

Kueski, which claims to be one of the largest buy now, pay later (BNPL) and online consumer lenders in Mexico, announced the appointment of Javier Irigoyen as Head of Product Management for Kueski Pay, the company’s buy now, pay later (BNPL) product, and Patrick Strange… Read More

September 8, 2023 @ 7:55 am By Tony Zerucha  |  

Koverly, a globally-focused fintech that integrates business-to-business buy now, pay later (BNPL) solutions into a digital payment platform, this week announced the addition of Ben Haddon as its vice president of credit and revenue. Haddon is expected to scale the company’s lending capacity to $70… Read More

September 7, 2023 @ 11:32 am By JD Alois  |  

Mangopay, a payments Fintech that holds a significant market share in the marketplace (crowdfunding) sector, has announced a partnership with Kriya, a B2B payments and credit provider. Mangopay believes that by working with Kriya it can boost its relevance by providing credit at the point… Read More

August 31, 2023 @ 3:00 am By JD Alois  |  

Fintech Zilch is reporting that it has topped 3.5 million users. The last user milestone Zilch claimed was in late 2022 when Zilch said it had surpassed three million users. The company notes that the user count equates to about 3,000 new users every day… Read More

August 23, 2023 @ 7:24 am By JD Alois  |  

Zorrz, a UK-based Fintech that has created an AI-powered tool for credit analysis, has partnered with BNPL Sileon. Sileon is based in Sweden and specializes in “card-based Buy Now Pay Later” offerings. Sileon is listed on the Nasdaq First North Growth Market and has approximately… Read More