Tagged: pay over time

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

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

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

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: ACI Worldwide Teams Up with Affirm to Provide Pay-Over-Time Option for US Merchants

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and services, has teamed up with Affirm, the payment network that “empowers consumers and helps merchants drive growth.” As mentioned in a release, U.S. merchants using ACI Secure eCommerce are now able to… Read More

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

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

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

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

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

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

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

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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