Tagged: bnpl

February 22, 2022 @ 1:30 pm By Omar Faridi  |  

Despite the surge in US digital commerce sales, online consumers remain “unpredictable” when it comes to checking out online: The average online shopping cart abandonment rate is 70%, according to an update from Affirm (NASDAQ:AFRM). Anything you can do to lower that rate for your… Read More

February 19, 2022 @ 11:28 pm By Omar Faridi  |  

Siam Commercial Bank (BKK: SCB) has reportedly made a $100 million investment in Indonesia’s Buy Now, Pay Later (BNPL) platform Akulaku. Established in 2016, Akulaku has expanded its operations to become one of the largest BNPL and consumer financing providers in Indonesia, handing out more… Read More

February 18, 2022 @ 8:14 am By Tony Zerucha  |  

It’s no secret the process of how we pay for goods and services is changing before our eyes and the latest IDC InfoBrief commissioned by Episode Six speculates on what the future will look like. In 2030 they expect 74 per cent of global consumer… Read More

February 16, 2022 @ 11:36 pm By Tony Zerucha  |  

Akulaku, an Indonesian buy now, pay later (BNPL) firm, announced this week it has received $100 million from the Siam Commercial Bank in Series E financing. The news comes months after the firm announced a $125 raise which was co-led by Silverhorn Group, who has… Read More

February 14, 2022 @ 9:20 pm By Omar Faridi  |  

A report from PeerIQ notes that the official numbers are in and they’re not looking so great. Inflation, as measured by the CPI, surged at a higher than expected 7.5% annualized rate in January 2022. That’s the fastest rate of price increases since 1982. Expectations… Read More

February 14, 2022 @ 9:33 am By JD Alois  |  

The UK Financial Conduct  Authority (FCA) has secured changes to consumer terms from popular buy now, pay later platforms, according to a statement from the regulator. The FCA states that terms in the contracts of Clearpay, Klarna, Laybuy, and Openpay have been “unclear” and “unfair.”… Read More

February 13, 2022 @ 5:24 pm By Omar Faridi  |  

Fintech Affirm‘s (NASDAQ:AFRM) stock had fallen over 20% to a $58.68 share price on Thursday (February 10, 2022) following the firm’s disclosure of its Q2 results (which came ahead of schedule). Affirm closed the week at $46.55 after starting the year at over $95 so… Read More

February 13, 2022 @ 12:40 pm By Omar Faridi  |  

Klarna, an international retail bank, payments and shopping platform, recently noted that six out of ten or 60% of credit card users don’t know how much interest they are actually being charged. This, according to the latest YouGov research that was commissioned by Fintech firm… Read More

February 7, 2022 @ 8:40 am By Omar Faridi  |  

If you’re like many other digital commerce merchants, the best part of the shopping experience takes place when a client clicks that “buy” button and becomes a (hopefully) loyal customer. One way to boost these website conversions for your business is to give clients the… Read More

February 4, 2022 @ 7:17 am By Omar Faridi  |  

Block, Inc. (NYSE: SQ) and Afterpay Limited have confirmed the successful completion of the Scheme of Arrangement under which Block has reportedly acquired all of the issued shares in Afterpay. This deal aims to allow Block to more effectively offer the best financial products and… Read More

February 2, 2022 @ 5:58 pm By Tony Zerucha  |  

New data revealed by Splitit, a provider of installment purchase capability for merchants, indicates a closer correlation between credit cards and buy now, pay later (BNPL), as 60 per cent of consumers would prefer to use a BNPL option with existing credit cards versus opening… Read More

February 1, 2022 @ 10:24 am By JD Alois  |  

  AI-powered buy now, pay later (BNPL) service Biller, has acquired and “joined” Banking Circle. Biller states that it will benefit from immediate access to the firm’s technology infrastructure, financial resources, payment rails, and licenses to accelerate its European expansion. Banking Circle is a provider… Read More

January 31, 2022 @ 10:49 pm By Omar Faridi  |  

Plentina, a Buy Now Pay Later (BNPL) Fintech focused on serving emerging markets, has teamed up with Southeast Asia’s digital retailer ZALORA in order to provide its short-term financing option. Residents of the Philippines may download the Plentina app to access loans valued at up… Read More

January 31, 2022 @ 3:12 pm By Omar Faridi  |  

Embedded finance experiences platform Railsbank has driven a stake into the Buy Now Pay Later (BNPL) market by “giving retailers a greater share of the spoils.” Current BNPL providers brand their own offerings which “take the customer away from the original retailer’s website and onto… Read More

January 30, 2022 @ 3:00 pm By JD Alois  |  

Alchemy, a lending as a service (LaaS) platform, is looking to raise $25 million to continue its recent growth surge – and it is actively seeking investors. The company was co-founded by CEO Timothy Li who’s resume includes advising big lenders like Rocket Mortgage, working… Read More

January 26, 2022 @ 9:57 am By JD Alois  |  

Affirm (NASDAQ:AFRM) has announced new options for customers to access its buy now, pay later (BNPL) services. According to a release, Affirm has launched a new “super app” as well as a browser extension. Affirm said the new app bundles both its payments and savings… Read More

January 26, 2022 @ 8:30 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, is introducing a  physical card in the United Kingdom, allowing consumers the chance to take advantage of Buy Now, Pay Later or BNPL options at traditional bricks and mortar store locations. Currently available in either black… Read More

January 21, 2022 @ 10:47 am By Omar Faridi  |  

Vartana, a provider of managed checkout and BNPL options for businesses, has announced its launch with $57 million in seed funding. The new capital injection reportedly includes $7 million in equity led by tech firm Audacious Ventures as well as $50 million in debt from… Read More

January 20, 2022 @ 3:14 pm By Tony Zerucha  |  

Banking software company Temenos this week launched its buy now, pay later (BNPL) banking service. This offering will open up new revenue opportunities for banks and fintechs through the use of alternative credit products. Temenos BNPL, combined with patented Explainable AI, can help banks create… Read More

January 14, 2022 @ 12:52 pm By Omar Faridi  |  

The team at Fintech company Affirm (NASDAQ: AFRM) notes that two years of living with a global pandemic have “reshaped expectations for consumers and retailers in 2022.” Affirm writes in a blog post that shoppers plan to “travel and buy new clothes, and many retailers… Read More