Tagged: bnpl

September 9, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced that a partnership with Zip Co. (ASX: Z1P) in Australia will continue as they join to power a buy now, pay later (BNPL) solution. Marqeta has been working with Zip for about a year but this is the first time… Read More

September 8, 2021 @ 2:29 pm By JD Alois  |  

PayPal (NASDAQ: PYPL) has announced the acquisition of buy now, pay later (BNPL) firm Paidy for $2.7 billion (¥300 billion) – mainly in cash. BNPL services have boomed in popularity as the services has emerged as an alternative to expensive credit card transactions. Paidy offers… Read More

September 6, 2021 @ 10:57 pm By Omar Faridi  |  

One in 10 or around 10% of Buy Now Pay Later (BNPL) shoppers have been contacted by debt collection agencies, and this figure increases to one in eight for younger consumers, according to Citizens Advice. The Citizens Advice charity has shared research findings which reveal… Read More

September 3, 2021 @ 11:53 am By JD Alois  |  

Funding Circle, an online lender for SMEs, has launched a buy now, pay later (BNPL) payments product thus expanding its set of Fintech services. In a release, Funding Circle announced FlexiPay in a move to “revolutionize” the £1 trillion payments market. Funding Circle says that… Read More

August 30, 2021 @ 11:07 pm By Omar Faridi  |  

Japan-based Fintech firm Paidy, specializing in the Buy Now, Pay Later or BNPL sector, is reportedly looking into going public. This, according to a report from the FT. BNPL has become quite popular globally, with many new Fintechs entering the space within a relatively short… Read More

August 29, 2021 @ 11:08 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and assists merchants with driving growth reveals that its “flexible” payment service will soon be available to Amazon.com clients at checkout. As mentioned in the announcement, Amazon and Affirm are currently testing with select customers, and… Read More

August 26, 2021 @ 8:41 am By Omar Faridi  |  

BNPL Pay, a “decentralized” lending protocol that “puts credit in the hands of those who need it the most (users without capital), says that it aims to address the problems presented by uncollateralized borrowing through their “novel” design of “a decentralized network of banking nodes.”… Read More

August 25, 2021 @ 8:15 am By Omar Faridi  |  

Fintech firm Westpay AB, and Klarna AB, a global retail bank, payments, and shopping service, have entered an agreement aiming to further expand the reach and “footprint” of Klarna’s payment services. As mentioned in a release, Westpay will now be integrating Klarna’s payment offerings, “making… Read More

August 23, 2021 @ 8:57 am By Omar Faridi  |  

Clearpay, an established Buy Now, Pay Later payments platform (known as Afterpay (ASX: APT) outside the UK/Europe), has launched its new merchant analytics solution, Clearpay iQ. With this new tool, brands are able to gain access to customer-centric analytics in order assist with optimizing investment… Read More

August 19, 2021 @ 12:15 pm By Tony Zerucha  |  

Credit cards may be losing their dominant position as a preferred spending mechanism, the results of a new survey by account-to-account payment services company GoCardless suggests. The company teamed with Propeller Insights to survey more than 1,000 American adults about their payment preferences. A Clear… Read More

August 19, 2021 @ 11:40 am By JD Alois  |  

Payments provider ic2 has partnered up with VISA to launch point of sale buy now, pay later (BNPL) credit options. Via the collaboration merchants may gain access to a BNPL option to pay in installments instead of all at once or by credit card. BNPL… Read More

August 12, 2021 @ 10:56 am By JD Alois  |  

Zilch, a buy now – pay later (BNPL) Fintech, has acquired NepFin in a move to expand the company’s offerings in the United States. The terms of the deal were not disclosed. Neptune Financial, or NepFin, is a commercial lending Fintech that provides debt funding… Read More

August 11, 2021 @ 7:19 pm By Tony Zerucha  |  

A new Omdia whitepaper commissioned by fintech solutions provider CR2 discusses the rise of digital wallets and their influence on the unbanked and underbanked and offers recommendations on how incumbent banks can embrace digital wallets to engage with new and existing customers. It cites key… Read More

August 11, 2021 @ 2:54 pm By JD Alois  |  

Paybright, part of Affirm  (NASDAQ:AFRM), is now live and in the wild on the Apple Store for Canadian purchasers. As was previously reported, Apple (NASDAQ:AAPL) is incorporating Paybright, a Canadian BNPL (buy now, pay later), to facilitate purchases. As there is no interest fee you… Read More

August 10, 2021 @ 10:46 am By Omar Faridi  |  

Canada-based Scotiabank (TSE: BNS) is reportedly converting credit card repayments into Buy Now, Pay Later or BNPL options, by offering customers the ability to pay off their debt in 3, 6, or 12-month fixed-installment payments. Currently available for purchases over $100 in-store or online, clients… Read More

August 8, 2021 @ 6:19 pm By Omar Faridi  |  

UAE-headquartered Buy Now, Pay Later (BNPL) Fintech tabby has acquired $50 million in capital as part of its recent funding round. tabby’s Series B investment round has been led by Global Founders Capital and STV. Delivery Hero, CCVA and several other backers of tabby took… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

August 4, 2021 @ 4:58 pm By JD Alois  |  

Affirm (NASDAQ:AFRM) has announced the securitization of $500 million worth of BNPL loans. The transaction is Affirm’s third securitization of 2021, the sixth since it launched its program in July 2020. According to a release, the offering included five classes of fixed-rate notes: Class A,… Read More

August 4, 2021 @ 4:39 pm By JD Alois  |  

Buy Now, Pay Later (BNPL) is currently one of the hottest sectors of Fintech. BNPL is a service that can be provided at the point of sale for a transaction and thus supplant traditional credit cards in regards to larger transactions. As credit cards tend… Read More

August 2, 2021 @ 8:15 am By Omar Faridi  |  

Fintech giant Square (NYSE:SQ) will be acquiring Australia-based Buy Now, Pay Later or BNLP firm Afterpay for $29 billion. For payments Fintech Square, this deal should serve as a key opportunity to enter the fast-growing BNPL market that is now challenging the traditional merchant card-based… Read More