Tagged: installment plans

August 22, 2023 @ 8:15 am By Omar Faridi  |  

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

May 21, 2023 @ 10:38 pm By Omar Faridi  |  

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

May 9, 2023 @ 10:36 pm By Omar Faridi  |  

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

May 2, 2023 @ 3:44 pm By Omar Faridi  |  

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

April 24, 2023 @ 8:23 am By Omar Faridi  |  

Rapyd has announced a partnership with Splitit, the global payments installments provider, in order “to allow merchants from all over the world to offer shoppers easy installment payments online.” The partnership will aim to “bring Splitit’s Installments-as-a-Service platform to Rapyd’s extensive network of merchants and… Read More

April 6, 2023 @ 9:26 am By Omar Faridi  |  

Buy now, pay later (BNPL) loans aren’t only for fancy shoes, kitchen appliances and gaming systems, according to an update from LendingTree. Millions of Americans “use these loans as lifelines.” The latest LendingTree survey finds “that 27% of BNPL users say they use these loans… Read More

February 17, 2023 @ 5:19 pm By Omar Faridi  |  

Westpac will soon offer credit card customers the ability “to pay for purchases in four instalments, providing greater control and flexibility.” In the coming months, Westpac credit card customers will be able “to link their existing credit card to a new PartPay digital card, enabling… Read More

December 21, 2022 @ 10:51 am By Omar Faridi  |  

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, and Worldline (Euronext: WLN), a global firm focused on payment services, announce “the signing of a partnership agreement with… Read More

October 27, 2022 @ 8:35 am By Omar Faridi  |  

Tymit CEO, Martin Magnone, recently commented on the announcement of the Fintech firm’s series A funding round. Martin Magnone noted that when his brother, Nicolas Magnone Ballefin and he founded Tymit, they had “a simple vision in mind: [they] wanted to create a credit card… Read More

October 26, 2022 @ 3:55 pm By Omar Faridi  |  

BNPL firm Zip Co (ASX: ZIP) announced the availability of Zip Card, issued by WebBank, the newest buy now, pay later product “offered through its portfolio.” As consumers look for BNPL options in brick-and-mortar retail, the Zip Card “extends the ‘Pay-in-4*’ functionality offline in a… Read More

August 16, 2022 @ 3:32 pm By Omar Faridi  |  

Splitit (ASX: SPT) announced Telispire, a wholly owned subsidiary of the National Rural Telecommunications Cooperative (NRTC), has “selected to integrate Splitit’s Installments-as-a-Service into its PHOENIX back office and billing system allowing Telispire’s mobile virtual network operator (MVNO) customers to offer installment payments to its subscribers… Read More

August 8, 2022 @ 11:58 pm By Omar Faridi  |  

Since 2020, and the recent global pandemic, digital commerce has seen “exceptional growth,” according to an update from Juniper Research. Although the impact of COVID-19 certainly forced an increase in online shopping and eCommerce usage, it is clear that it is “a continuing trend,” the… Read More

July 31, 2022 @ 7:21 pm By Omar Faridi  |  

Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Atome, which claims to be Asia’s leading Buy Now Pay Later (BNPL) brand, to “enable flexible deferred payment acceptance during checkout at online and offline RMS merchants.” Starbucks is among the first… Read More

July 16, 2022 @ 10:03 pm By Omar Faridi  |  

Synchrony (NYSE: SYF), a financing company, recently announced that merchants will now be able “to offer a short-term, no interest installment option,” Synchrony SetPay pay in 4, “via the Clover® point-of-sale and business management system from Fiserv, Inc.” This buy now, pay later (BNPL) offering… Read More

May 27, 2022 @ 1:17 pm By Omar Faridi  |  

NAB has introduced a Buy Now, Pay Later (BNPL) solution that it says will not hit consumers with late charges, account fees or interest payments. The banking institution will reportedly allow clients to spend as much as $1,000 through a virtual credit card that’s embedded… Read More

May 27, 2022 @ 10:16 am By Omar Faridi  |  

Scalapay, which claims to be one of Europe’s leading Buy Now – Pay Later providers, and Twig, the “next generation” of banking and Web3 green payment infrastructure, recently announced an “exclusive” partnership. This partnership will “allow customers to resell products they have purchased via Scalapay… Read More

May 20, 2022 @ 1:21 pm By Omar Faridi  |  

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

May 5, 2022 @ 8:42 pm By Omar Faridi  |  

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

April 29, 2022 @ 9:26 am By Omar Faridi  |  

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

April 13, 2022 @ 10:11 pm By Omar Faridi  |  

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