Tagged: bnpl

April 6, 2023 @ 9:26 am By Omar Faridi  |  

Buy now, pay later (BNPL) loans aren’t only for fancy shoes, kitchen appliances and gaming systems, according to an update from LendingTree. Millions of Americans “use these loans as lifelines.” The latest LendingTree survey finds “that 27% of BNPL users say they use these loans… Read More

April 5, 2023 @ 9:47 am By JD Alois  |  

Investment bank Piper Sandler (NYSE: PIPR) has posted its 45th semi-annual report on Teen preferences, which can help glean which products and services are rising and which are on the wane. At the same time, teens can be fickle, as parents will explain. The Taking… Read More

April 3, 2023 @ 8:30 am By Omar Faridi  |  

A report published by the World Economic Forum (WEF) explores how technology-driven risks originating in financial services sectors “could become systemic threats to the global financial system.” Pushing Through Undercurrents, developed in collaboration with Deloitte, “examines how different forces influence the way tech-driven risks spread and… Read More

March 28, 2023 @ 4:11 pm By JD Alois  |  

Shares in Affirm (NASDAQ:AFRM) to a bit of a bruising today on the news that Apple had finally released its buy now pay later service (BNPL) into the wild for selected borrowers. At the close of the market, Affirm had lost over 7% but had… Read More

March 28, 2023 @ 1:30 pm By JD Alois  |  

Apple’s buy now – pay later service (BNPL) is finally available. Apple Pay Later was announced quite some time ago – but then Apple tends to make certain everything is perfect (or nearly) before launching anything. In a release, Apple (NASDAQ:AAPL) said that starting today,… Read More

March 23, 2023 @ 8:36 am By Omar Faridi  |  

Billie, the provider of Buy Now, Pay Later (BNPL) payment solutions for business customers, and Mollie, which claims to be one of the fastest-growing payment service providers in Europe, have launched their pan-European partnership in order to bring Buy Now, Pay Later payment solutions to… Read More

March 23, 2023 @ 8:34 am By Omar Faridi  |  

Berlin-headquartered B2B-focused Buy Now, Pay Later Fintech Mondu is reportedly opening a new office in London and appointing a UK-based professional sales team. The recent UK launch has come on the heels of the firm’s ongoing expansion into the Netherlands as well as Austria, offering… Read More

March 20, 2023 @ 8:14 am By Omar Faridi  |  

Buy Now Pay Later (BNPL) usage continues to grow, but “not all these payment plans are experiencing the same level of customer engagement,” according to an update shared with CI. By the end of 2021, shoppers had “spent more than $20 billion using BNPL, and,… Read More

March 16, 2023 @ 8:14 am By Omar Faridi  |  

Fintech firm Hokodo joins forces with French international banking group BNP Paribas in order to deliver a frictionless B2B Buy Now, Pay Later (BNPL) solution that “enables large multinational corporates to provide payment alternatives to their business customers.” Together, BNP Paribas and Hokodo will “offer… Read More

March 7, 2023 @ 5:00 pm By Omar Faridi  |  

Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans. With more than 1.8 million unique customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission… Read More

March 1, 2023 @ 10:56 am By JD Alois  |  

Klarna, a buy now pay later platform, posted 4th quarter and full year 2022 results yesterday. Pointing to a challenging market, Klarna shared that it had lost SEK 10.4 billion (about $1 billion) for the year and lost SEK 1.9 billion (about $182 million) during… Read More

February 17, 2023 @ 5:19 pm By Omar Faridi  |  

Westpac will soon offer credit card customers the ability “to pay for purchases in four instalments, providing greater control and flexibility.” In the coming months, Westpac credit card customers will be able “to link their existing credit card to a new PartPay digital card, enabling… Read More

February 16, 2023 @ 6:52 am By Omar Faridi  |  

Zopa has announced the acquisition of buy now – pay later (BNPL) platform  DivideBuy. Terms of the transaction were not immediately available. Zopa recently raised £75 million as it gears up for the possibility of more acquisitions. The acquisition is expected to complete in the… Read More

February 9, 2023 @ 11:46 am By Omar Faridi  |  

Max Levchin, Founder and CEO at Affirm (NASDAQ: AFRM), has shared an update with their employees and that he also wants to share the message publicly. In a move to reduce costs in a flagging market, Affirm will be slashing its workforce. Affirm reported earnings… Read More

February 8, 2023 @ 1:52 pm By JD Alois  |  

Apple (NASDAQ) is expected to soon launch its buy now-pay later product (BNPL) as it expands the service to a broader beta group. According to a report filed by Bloomberg, Apple Pay Later is being tested in-house by its approximately 80,000 or so retail employees…. Read More

February 8, 2023 @ 8:40 am By Omar Faridi  |  

Mondu, the “fast-growing” B2B payments company, announced MonduSell, a solution for B2B merchants offering flexible payments on all sales channels: field sales, tele-sales or email orders. MonduSell offers the most “popular” B2B payment methods and flexible terms while  processing orders from any sales channel in… Read More

February 8, 2023 @ 8:37 am By Omar Faridi  |  

iwoca is announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ accounting software package – this makes it “the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.” Quickbooks supports UK businesses “with their accounting needs via a… Read More

February 2, 2023 @ 3:39 pm By Omar Faridi  |  

WooCommerce B2B stores can now easily add business buy now, pay later options within their eCommerce checkout thanks to the Kriya Payments plug-in. As our planet sets off on another orbit, it is natural for our minds “to gravitate towards a lull of self-reflection on… Read More

January 31, 2023 @ 7:25 pm By Omar Faridi  |  

BharatX, an emerging white labelled credit enabler for e-commerce merchants, has  announced its partnership with Snitch – an online men’s clothing brand to offer buy now pay later services. Through the “SnitchPay” feature powered by BharatX, customers will be able “to pay for their purchases… Read More

January 26, 2023 @ 8:16 am By Omar Faridi  |  

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More