Tagged: buy now pay later

UK FCA Shares Update on Unregulated Buy Now Pay Later (BNPL) Firms Becoming Authorized

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

Afterpay and Rokt to Offer Consumers Relevant Ecommerce Experiences

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

BNPL: Consumers Say Flexible Payments Allow Them to Manage Expenses More Effectively, Zip Research Reveals

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

BNPL Fintech Affirm Survey Reveals Consumers Are Still Planning to Spend More via Online Shopping Platforms

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

BNPL Usage May Increase with “Reasonable” Repayment Terms, Study Finds

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

BNPL: Marqeta, Scalapay to Deliver Buy Now Pay Later Services Across Europe

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

Vishal Kapoor of Affirm: Fintech Executive Shares Insights on Stricter Regulation of BNPL Sector

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

Fintech Koverly Introduces BNPL Service Enabling Businesses to Defer FX Payments for 30 Days

On track to lend $70 million in the next 12 months, global fintech startup Koverly introduces a B2B buy now, pay later platform “with a 30-day, no cost period for foreign exchange payments; company also announces seed funding.” Koverly, a global B2B payments solution “providing… Read More

Turkish Fintech Param Accelerates European Expansion with Twisto Acquisition

Param, which claims to be Turkey’s biggest FinTech, is entering the European market with the acquisition of leading CEE Buy Now, Pay Later (BNPL) provider Twisto. Setting the scene for wider global expansion, Param is “introducing its technology and integrated embedded finance products and services… Read More

BNPL: Poshmark, a Social Marketplace, Integrates Affirm’s Adaptive Checkout

Poshmark claims it is a “leading” social marketplace for new and secondhand style for women, men, kids, pets, home, and more. Poshmark says that it “prioritizes a best-in-class buying experience that is smooth and stress-free for their customers, making Affirm’s Adaptive Checkout — which delivers… Read More

BNPL: Microsoft Extends Partnership with PayPal to Provide Flexible Payment Options

PayPal Holdings, Inc. (NASDAQ: PYPL) and Microsoft Corp. (Nasdaq: MSFT), recently announced Microsoft’s integration of PayPal’s Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon “have the option to pay with Venmo in… Read More

BNPL: Apple Pay Later Gains Traction

Apple (NASDAQ:AAPL), one of the largest Fintechs in the world, is gaining traction with its new Buy Now Pay Later (BNPL) product. Released this past March but announced months prior, Apple says that Apple Pay Later wants to support its users financial health. The credit… Read More

B2B BNPL Fintech Hokodo Obtains European Payments License

B2B payment solutions provider Hokodo has announced the acquisition of a Lithuanian payments business, making it the first and, currently, only B2B Buy Now, Pay Later provider with a payments license. This acquisition is “part of Hokodo’s journey to make better payment options available to… Read More

Mangopay, Hokodo Announce Partnership on B2B Payments

Trade credit provider Hokodo and Mangopay – a successful European payments platform, have announced a partnership that will see Hokodo’s solutions available to Mangopay B2B platforms. Hokodo offers digital trade credit and B2B Buy Now, Pay Later (BNPL) solutions for merchants to sell more by… Read More

Fintech Firm Klarna, Airbnb Offer Flexible Payments for Guests

Klarna, the AI powered global payments network and shopping destination, has joined forces with Airbnb in a “first-of-its-kind” partnership to provide guests in the US and Canada with flexible payment options when booking their next stay. With Klarna’s seamless, sustainable and flexible payment solutions, “booking… Read More

BNPL: Fintech Splitit and APPS to Simplify ISO & ISV Installment Payments

Splitit (ASX:SPT), the white-label service allowing customers to pay by installments using their existing credit on their payment card, and Atlantic-Pacific Processing Systems NV, Corp. (APPS), a North American payment solutions provider, announced they have partnered to deliver an integrated card-based installment payments solution. The… Read More

BNPL: Capchase Introduces Buy Now Pay Later Solution to Enhance SaaS Business, Revenue

It’s been three years since Capchase was founded. Since their launch on May 11, 2020, the world has “been through a whirlwind of changes—a once-in-a-century pandemic, rising inflation and corresponding interest rates and, most recently, the collapse of some long-standing financial institutions.” All this led… Read More

BNPL: Saudi Central Bank (SAMA) Seeks Public Consultation on Rules for Regulating Buy Now Pay Later Fintechs

The Saudi Central Bank (SAMA) seeks public consultation on the draft “Rules for Regulating Buy Now Pay later (BNPL) Companies.” In the interest of transparency and wider participation, SAMA reportedly “invites stakeholders and public to provide suggestions and observations on the draft Rules by visiting… Read More

BNPL, Embedded Finance: QistBazaar, a Pakistan based Buy Now Pay Later Fintech, Announces Partnership

QistBazaar, a Pakistan-based Buy Now Pay Later (BNPL) Fintech, announces an equity and Shariah-Compliant embedded finance partnership with Bank Alfalah – one of Pakistan’s largest commercial banks. The partnership is “worth PKR 500 million (US$1.7m) , and includes Bank Alfalah taking a 7.2% equity stake… Read More

BNPL: Fintech Firm Splitit to Enable Mobile Installments within Seconds

Splitit (ASX: SPT), which claims to be the “only” white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, has announced a new super-fast white-label payment experience, SplititExpress. This experience “enables checkout in under 2-seconds and also… Read More

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