Tagged: installment plans

Splitit Introduces Installments-as-a-Service Platform, Announces OCM as First Merchant to Adopt the Tech

Andrew Jackson Money 20 Dollars Red

Splitit recently unveiled a new way to drive installment payments via its merchant-branded Installments-as-a-Service platform. Instead of originating new loans, Splitit taps existing consumer credit on payment cards “to simplify the checkout experience embedded into the existing payment flow.” While merchants are experiencing increased sales… Read More

BNPL: Affirm to Become First Buy Now, Pay Later Partner “Fully Integrated” to Carat from Fiserv

Affirm Super App

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and “helps merchants drive growth,” and Fiserv, an international provider of payments and financial services tech solutions, announced a relationship that will “make Affirm available to Fiserv enterprise merchant clients later this year.” With this partnership,… Read More

BNPL: Optty Introduces Independent Platform for Retailers to Add Buy Now, Pay Later Providers

Buy Now Pay Later BNPL

Optty, which claims to be the first Buy Now, Pay Later integration platform, has in stealth raised more than $9 million in private funding and recently announced its solution “for retailers and payment gateway providers to revolutionize the fast-growing sector with transparency, simplicity, and speed.”… Read More

BNPL: Fintech Affirm and Poshmark Expand Partnership to Offer Payment Flexibility

Affirm Super App

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Poshmark, a social marketplace for new and secondhand style, announced a 2-year extension and expansion of their partnership “to deliver increased payment flexibility to shoppers.” Poshmark was one of the… Read More

BNPL: Codebase Technologies Introduces White-Label Buy Now Pay Later Solution

Buy Now Pay Later BNPL

As adoption and usage of BNPL grows as the alternative payment method of choice for younger consumers, Codebase Technologies has responded by creating an innovative BNPL solution to assist banking institutions with addressing the threat of rising BNPL brands. Leveraging Codebase Technologies’ virtual banking platform,… Read More

BNPL: Mastercard Supports Scale of Buy Now, Pay Later with New Partners

Mastercard Credit Cards

Mastercard (NYSE: MA) has announced a growing list of partners, such as BNPL specialists and internationally-recognized brands, further expanding Mastercard Installments, “the unique BNPL program that delivers greater choice at checkout, both in-store and online.” Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c,… Read More

Mastercard, DBS Bank, Pine Labs Offer Clients New Payment Option in Asian Cities

matthieu buhler Asia Pacific unsplash

Mastercard (NYSE: MA), DBS Bank (SGX:D05) and Pine Labs have teamed up to introduce ‘Mastercard Installments with Pine Labs’ – which is a new program that enables DBS/POSB credit cardholders to pay via interest-free installments at merchants “with the ‘Pay Later’ identifier, simply by presenting… Read More

Fintech Klarna Reveals that Most Consumers Don’t Know How Much Interest They’re Charged when Using Credit Cards

Klarna

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

BNPL: Consumers More Likely to Complete Purchase if Merchant Has Buy Now, Pay Later Option, Affirm Reveals

More Sales inside Retail Shopping Small Business Open Shop

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

BNPL Fintech Plentina Teams Up with Southeast Asia’s Digital Retailer ZALORA

Buy Now Pay Later BNPL

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

BNPL: Fintech Klarna Introduces Physical Buy Now, Pay Later Card in the United Kingdom

Klarna

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

BNPL: Fintech Affirm Explains How Buy Now, Pay Later Options Can Help Digital Commerce Platforms

Buy Now Pay Later BNPL

Providing a Buy Now, Pay Later (BNPL) option to your clients may help with boosting conversion 20-30% and average cart sizes 30-50%, according to an RBC Capital report. As mentioned in a blog post by Affirm (NASDAQ: AFRM), these benefits could make a significant difference… Read More

Bogota’s BNPL Fintech Addi Secures $200M to Support Business Expansion Efforts

Bogotá Colombia altagamba altagamba unsplash

Addi, a startup that has experienced steady growth by providing clients in Latin America the chance to use Buy Now, Pay Later (BNPL) services, recently secured $200 million of debt and equity in order to support an expansion in the region. The Bogota-headquartered Fintech confirmed… Read More

UK based BNPL Fintech PollenPay Announces its Launch Plans

Talk Proclaim Declare Announce News Speak Information

Providing a smarter way to perform monetary transactions, PollenPay, a UK-headquartered Buy Now Pay Later (BNPL) firm is pleased to confirm its launch plans. Led by company founder and CEO, Leon Wilson, the team at PollenPay plans to ease pressure on purchases, while at the… Read More

Amazon Partners with Barclays to Allow Clients to Make Payments in Instalments in the UK

Barclays Cambridge UK

Starting from December 17, 2021, Amazon clients in the United Kingdom will have access to a new, flexible payment method – Instalments by Barclays, helping them to “finance purchases of £100 or more on amazon.co.uk.” As mentioned in the announcement, the reusable credit account may… Read More

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

London UK Bus Swipe Right

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

Un Peso 1971 Mexico

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

Singapore Harbor Ships Shipping Trade

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

Buy Now Pay Later BNPL

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

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