Tagged: installments

Dutch BNPL Fintech in3 Secures $11.1M, Enters Deal with Payments Firm Worldline

Windmill Zaanse Schans Zaanstad Netherlands michal soukup unsplash

Dutch Buy Now, Pay Later (BNPL) Fintech in3 has secured $11.1 million in capital and entered a deal with payments company Worldline in order to bring its products and services to more merchants. In3 was launched back in 2018 by a professional team that had… Read More

Fintech Klarna Reports that Many Consumers Plan to Ditch Credit Cards for BNPL, Flexible Payment Plans

Klarna

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

BNPL Report: Nearly Half of Online Shoppers Say they Would Delay Purchases if Affirm Wasn’t Available

Time Late Delay Statue

Affirm (NASDAQ: AFRM) notes that Buy Now, Pay Later (BNPL) is more than just a “modern twist” on layaway. Affirm writes in a blog post that consumers love the flexible payment method as a way to “avoid credit cards and manage their cash flow.” The… Read More

Fintech App Plentina, a Buy Now Pay Later Platform in the Philippines, Partners with Shopee

Buy Now Pay Later BNPL

Fintech app Plentina, a Buy-Now-Pay-Later (BNPL) platform for consumers residing in the Philippines, has reportedly teamed up with Shopee. Residents of the Philippines are able to download the Plentina app and acquire loans for vouchers to buy products via the Shopee app. Plentina’s management noted… Read More

BNPL: CIMB Bank Philippines Teams Up with Lalamove to Offer Convenient Credit Services

Ongpin St. Binondo Manila Philippines brett andrei martin unsplash

CIMB Bank Philippines has teamed up with Lalamove in order offer convenient credit access to partner drivers via the bank’s Buy Now, Pay Later (BNPL) product offering, called REVI Credit. This partnership will allow Lalamove partner drivers to get quick access to credit for their… Read More

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

Australia Money

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

BNPL Fintech DivideBuy Acquires £300M Lending Facility from Davidson Kempner Capital Management LP

UK British Pound Money

Buy Now Pay Later (BNPL) provider, DivideBuy, has acquired a £300 million lending facility as it continues to focus on its growth and expansion efforts. As mentioned in a release, the funding from investment management company Davidson Kempner Capital Management LP, which also includes a… Read More

Buy Now Pay Later Services Pose Serious Risks to Consumers, May have Unclear Terms and Conditions: Report

Cash Register

Buy Now, Pay Later (BNPL) services are becoming increasingly popular across the globe. The BNPL market is valued at around £2.7 billion in the United Kingdom. Although postponing payments might appear to be useful for security and in many instances provides other benefits depending on… Read More

Hong Kong based Digital Bank livi Is Offering New BNPL Product with a Mastercard Virtual Debit Card

Hong Kong Money Sparkle AI

livi bank, which is notably one of Hong Kong’s eight digital banks, is now offering a Buy Now, Pay Later (BNPL) service with the introduction of livi PayLater that provides an instant installment option along with a virtual Mastercard debit card. The livi PayLater BNPL… Read More

GHL Systems to Offer Flexible Payment Options in ASEAN Region with Visa Instalments

Asia China

GHL Systems has teamed up with payments giant Visa (NYSE:V) in order to become the first in the ASEAN region to offer Visa Instalments for customers using the eGHL Payment Gateway platform. Visa Instalments works by turning pre-approved issuer credit lines into installment payment options… Read More

Saudi Arabia based BNPL Fintech Finalizes $110M Series A Mega-Round led by Checkout.com

saudi arabia adli wahid unsplash

Saudi Arabia-based Tamara, a Buy Now, Pay Later (BNPL) service provider, recently confirmed that it finalized a $110 million Series A funding round led by Checkout.com. The funds raised will be used by Tamara to scale its professional team, expand into new markets in the… Read More

UK’s Buy Now, Pay Later Fintech Zilch Secures $80M in Capital with a $500M Valuation

One Pound Coin

The Buy Now, Pay Later or BNPL industry continues to receive substantial investments with UK-based BNPL Zilch securing $80 million in capital at a $500 million valuation. Zilch launched its services in beta mode back in 2019. The company was planning to distinguish itself from… Read More

BNPL Fintech Affirm Reveals that Buy Now, Pay Later Accounted for Record $24B in US Consumer Spending Last Year

Affirm

BNPL Fintech Affirm (NASDAQ:AFRM) notes that last year’s holiday shopping season set many digital commerce records, including in its “volume of purchases” made through Buy Now, Pay Later (BNPL) services. Affirm cites Salesforce data which reveals that BNPL transactions surged 109% when compared to the… Read More

UK Buy Now Pay Later Fintech Zilch Introduces “Tap and Pay-Over-Time” Solution for In-Store Payments via Digital Wallets

Adam Smith on iPhone X Money Pounds UK

UK’s Buy Now, Pay Later (BNPL) Fintech firm Zilch is introducing a “tap and pay-over-time” solution that allows consumers to carry out in-store payments with a wave of their online or digital wallet, with the cost of their purchase spread over a manageable 6-week time… Read More

India’s Consumer Lending Fintech MoneyTap to Enter Booming Buy Now Pay Later or BNPL Market

India Money 1000 Rupee Ghandi

India-based consumer lending firm MoneyTap has reportedly decided to expand its business operations to include Buy Now, Pay Later (BNPL) services. MoneyTap said its new BNPL solutions will aim to provide more accessible, affordable, and 0% (equated monthly installments) EMI options to Indian consumers. MoneyTap… Read More

Survey Shows Buy Now, Pay Later Services Might Lead to UK Consumers Going into Debt due to Financial Mismanagement

Pay Apple Pay Google Pay Spend

A new survey from Capco has revealed that consumers must receive proper information and educational materials so that they can responsibly use Buy Now, Pay Later (BNPL) platforms and services. According to the study, BNPL services must also be regulated properly. Capco’s research found that… Read More

Installment Payments Platform Sezzle Actives Google Pay & Apple Pay With Virtual Card

Sezzle Virtual Card

  Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, announced on Wednesday the launch of its virtual card for shoppers, which will reportedly enable Sezzle customers to pay using interest-free installments both in-store and online. Sezzle revealed the Sezzle Virtual Card will allow brick… Read More

Fintech Firm Affirm Partners with Shopify to Offer Buy Now, Pay Later Installment Plans for Merchants

Max Levchin Affirm LendIt Fintech 2018

Affirm,  a point of sale credit provider that is currently working with over 2000 merchants, has teamed up with digital commerce marketplace, Shopify, to offer “Buy Now, Pay Later” installment options for merchants. Approved “Shop Pay” customers will have the option of splitting their total… Read More

Visa to Expand into Installment Payments Business, Currently Working with Partners ChargeAfter, Commerce Bank, Tsys

Three credit cards Visa Mastercard and American Express close up on logos

Payments giant Visa (NYSE: V) is reportedly set to enter the emerging installment payments sector. Visa’s management said the firm is currently working with several partners on various initiatives in the US. Installment payments, where consumers at the point-of-sale are able to pay off their… Read More

Send this to a friend