installments

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

May 18, 2021 @ 8:09 pm By Omar Faridi |

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

Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged bnpl, buy now pay later, consumer protection, consumer risk, europe, fca, financial conduct authority, financial hardship, flexible payments, installment plans, installments, klarna, nerdwallet, payments, research, uk, united kingdom, zilch

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

May 12, 2021 @ 10:17 pm By Omar Faridi |

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

Read more in: Asia, Fintech | Tagged bnpl, buy now pay later, carol hung, debit cards, digital bank, digital banking, digital transactions, flexible payments, hong kong, installments, mastercard, pay over time, payments, virtual bank, virtual banking, virtual cards

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

May 6, 2021 @ 11:47 pm By Omar Faridi |

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

Read more in: Asia, Fintech | Tagged asean, bnpl, buy now pay later, consumer behavior, consumer spending, digital payments, flexible payments, ghl systems, installments, instalments, kim j. hak, malaysia, pay over time, payments, southeast asia, visa

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

April 24, 2021 @ 9:17 pm By Omar Faridi |

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

Read more in: Asia, Fintech | Tagged abdulmajeed alsukhan, bnpl, buy now pay later, checkout.com, fintech adoption, fintech trends, flexible payments, installment plans, installments, investment round, mena, mena region, middle east, pay over time, payments, SAMA, sama fintech sandbox, saudi arabia, tamara

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

April 19, 2021 @ 8:00 am By Omar Faridi |

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

Read more in: Fintech, Global | Tagged bnpl, buy now pay later, europe, gauss ventures, installment plans, installments, investment round, m&f fund, pay over time, philip belamant, uk, united kingdom, zilch

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

April 18, 2021 @ 5:27 pm By Omar Faridi |

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

Read more in: Fintech, General News, Global | Tagged affirm, andrew lipsman, bnpl, buy now pay later, consumer behavior, digital commerce, e-commerce, flexible payments, insider intellignce, installment plans, installments, online shopping, pay over time, payments, united states, us

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

April 8, 2021 @ 7:38 am By Omar Faridi |

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

Read more in: Fintech, Global | Tagged bnpl, buy now pay later, europe, flexible payments, installments, instalment plans, pay over time, payments, philip belamant, uk, united kingdom, zilch

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

February 14, 2021 @ 5:28 pm By Omar Faridi |

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

Read more in: Asia, Fintech | Tagged anuj kacker, bnpl, but now pay later, consumer lending, india, installment plans, installments, lending, moneytap, payment plans

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

November 28, 2020 @ 3:42 pm By Omar Faridi |

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

Read more in: Fintech, General News, Global | Tagged bnpl, buy now pay later, capco, consumer behavior, consumer protection, consumer spending, ian hooper, installment plans, installments, mike ethelston, pay over time, survey

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

September 2, 2020 @ 3:41 pm By Samantha Hurst |

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

Read more in: Fintech | Tagged apple pay, google pay, in-store retail, installments, payments, sezzle, shopping

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

July 23, 2020 @ 11:32 pm By Omar Faridi |

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

Read more in: Fintech | Tagged affirm, buy now pay later, consumer spending, installments, payment plans, san francisco, shopify, united states, us

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

July 15, 2020 @ 9:50 pm By Omar Faridi |

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

Read more in: Fintech, General News, Global | Tagged chargeafter, commerce bank, consumer spending, installment payments, installments, tsys, visa