Tagged: installment plans

UK’s Buy Now, Pay Later Fintech Butter Introduces BNPL Card

UK-headquartered Buy Now, Pay Later (BNPL) Fintech Butter is planning to compete with and potentially replace traditional credit cards with the introduction of its own BNPL card. Although 65% of UK consumers carry credit cards, the number being issued has declined by around 3% during… Read More

Mexico’s Online Lending and BNPL Service Provider, Kueski, Secures $202M in Debt and Equity

Mexico’s online lending platform and Buy Now, Pay Later or BNPL service provider Kueski has secured $202 million in capital via a debt and equity round that has been led by StepStone Group. Kueski claims to be the largest online consumer lender in Mexico. It… Read More

BNPL: Affirm Recommends Longer Payment Plans to Minimize Supply Chain Challenges

Affirm (NASDAQ: AFRM) notes that with supply chain blockages leading to new challenges every day, you might be facing difficult decisions regarding increasing prices while preserving margins. Although significantly higher prices might discourage customers just as the holiday shopping season arrives, you could soften the overall… Read More

Fintech Klarna Reports Significant Losses, while Demand for BNPL Products Continues to Surge

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

BNPL Fintech Credova Teams Up with Cornerstone Bank

Credova, a Buy Now, Pay Later (BNPL) solution emerging in the outdoor recreation, farm, home and ranch markets, has announced an agreement with Cornerstone Bank. Credova says that it exists because a group of people were “given an opportunity to create something that hadn’t been… Read More

BNPL Fintech Afterpay Introduces Buy Now, Pay Later Subscriptions In the US

Afterpay (ASX:APT), a provider of Buy Now, Pay Later (BNPL) payments, has announced its subscription solution – giving US consumers the option to pay for their recurring purchases in installments. Merchants such as IPSY, BoxyCharm, Savage X Fenty, and Fabletics will be among the first… Read More

Global Fintech Klarna Introduces “Pay Now” Option in the US

Klarna, an international retail bank, payments, and shopping service provider, has announced the addition of “Pay Now” to its range of payment options available in the United States. As noted in the update, this payment method should allow clients to make payments immediately and in… Read More

UK’s Online Lending Platform, NewDay, Introduces Instant Access Digital Credit Acct with Flexible Payment Terms

Online lending platform, NewDay, has introduced an instant access digital credit account with flexible repayment terms which are aimed at protecting its business from the competition from Buy Now, Pay Later or BNPL providers. Newpay provides clients with a credit limit of £5,000, which may… Read More

BNPL Fintech Afterpay Announces In-Store Payment Options at Major Retailers

Afterpay (ASX:APT), a provider of Buy-Now-Pay-Later (BNPL) payments, has announced that its in-store payments solution is currently available at major retailers “just in time for the busy holiday shopping season – including Nordstrom and Nordstrom Rack, J.Crew, Madewell, American Eagle, Aerie, Tilly’s, Morphe, Alo Yoga,… Read More

Global Fintech Klarna Launches Operations in Ireland

Klarna, the international retail bank, payments and shopping service with 90 million users across the globe, has officially launched operations in Ireland today. As mentioned in the announcement, Klarna will aim to empower Irish consumers with a better overall shopping experience and improved control, transparency… Read More

Affirm Teams Up with American Airlines to Bring Travelers a Flexible Payments Plan

Affirm (NASDAQ: AFRM), the payment network that empowers consumers, has announced that through its partnership with American Airlines, eligible travelers have “added flexibility to purchase flights and pay over time with Affirm.” As mentioned in a release shared with CI, Affirm aims to offer this… Read More

BNPL: Visa Installments Expands Services to Australia, Providing a New Way to Buy Now, Pay Later

Visa (NYSE: V), the leader in virtual payments, recently announced the expansion of Visa Installments in Australia in partnership with ANZ (ASX: ANZ), which is one of the nation’s largest financial institutions, and merchant payment provider Quest. As mentioned in a release, the Visa solution… Read More

Klarna, FreedomPay to Offer US Stores a Payments Makeover Ahead of Holidays

FreedomPay, a consumer-focused commerce platform, has performed an integration with Klarna, the international retail bank, payments and shopping service. Beginning today (October 7, 2021), FreedomPay’s US merchants may provide Klarna’s interest-free payment services at checkout in-store, which should help with boosting sales and “bringing added… Read More

Pakistan’s QisstPay Secures $15M, Cementing Business as Country’s Fastest-Growing BNPL Platform

QisstPay, which is one of Pakistan’s first Buy Now, Pay Later (BNPL) services, recently revealed that they’ve secured $15 million in capital as part of their seed and pre-seed rounds with “a mix of equity and debt.” MSA Capital reportedly led QisstPay‘s investment round, with… Read More

BNPL: Mastercard Reinvents Installments to Provide Clients More Payment Options when They Make Purchases

Mastercard (NYSE: MA) says it’s “reinventing” installments in order to give clients more payment options wherever they make purchases. According to an announcement from the payments giant, Mastercard Installments BNPL program will be introduced in the US, Australia, and the UK markets. The payments company… Read More

After Revolut, UK’s Digital Bank Monzo May Be Entering Fast-Growing Buy Now Pay Later Market

UK-based digital banking platform Monzo, which is under investigation for possible money laundering activity and posted £130m in losses, is reportedly planning to enter the fast-evolving Buy Now, Pay Later (BNPL) sector. As first reported by the Evening Standard, two different sources noted that the virtual… Read More

Debt Collection Is Becoming a Serious Problem for BNPL Consumers: Report

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

Japanese BNPL Fintech Paidy Looking into Potential IPO this Year as Pay Later Services Become Wildely-Adopted

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

Affirm Pay Over Time Services Will Soon be Available to Amazon.com Clients at Checkout

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

Online Payments Provider Veem Introduces Pay Later Options for SMBs

Veem, an established provider of online payment services, has introduced two new Veem Capital products in order to assist SMBs with improving how they manage spending for their business operations. Veem has introduced Pay Later and Pay with Card products that have been developed to… Read More

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