Community
A community to discuss the future of BNPL and any other interesting trends, strategies, ideas, views.
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Nick Green Director at Purple Patch Broking Ltd
The UK Treasury recently published a consultation on how it will regulate BNPL, potentially making the UK the first major credit market to regulate these booming, innovative products. The FCA said the sector quadrupled to £2.7bn last year during the pandemic - to about 1% of the UK’s entire credit market - with more than 5 million active users. Th...
16 November 2021 /regulation /retail
Retired Member
The ability to buy goods and pay the merchant back over time is literally ancient, perhaps 5000 years old, but it is only in the last few years that Buy Now, Pay Later (BNPL) apps have made deferring payments as easy as clicking a button. Spearheaded by the Swedish fintech company Klarna, BNPL is now a fixture of eCommerce and in-store checkouts,...
02 November 2021 /security /payments
Fintech’s, merchants, and big tech brands are forming new attractive buy-now-pay-later (BNPL) and hybrid instalment-based offerings shaking up credit card lending and forcing businesses to rethink data requirements and strategies. Growing at a rate of 39% per year and expected to exceed $260 billion by 2025, BNPL services can’t be ignored. BNPL of...
14 October 2021 /payments /retail
We have all recently heard/read an article or story regarding the growing business of the so-called “Buy now, pay later”. Every week there is a new company in the banking or payments sector entering or launching a BNPL product (i.e. Revolut, Apple, Monzo, Amazon, Square, etc.). All these players are entering because they must think that there ...
15 September 2021 /payments /retail
As more players enter the market, BNPL is becoming a crowded space with innovative product variations. Other than the traditional pay-in-four model that pureplays offer, new entrants offer a variety of products that incorporate the fixed payments feature. Some examples in the market include splitting credit balance ( Scotiabank), splitting purchas...
13 September 2021 /payments /retail
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
The payment industry has recently seen rapid growth in a mode of payment called BNPL or Buy Now Pay Later. BNPL has emerged as a new mode of payment especially across digital channels, where buyers are given the option to purchase goods / services and pay later in easy instalments. This payment mode has shown a very high rate of growth over other ...
26 August 2021 /payments /inclusion
In 2021, Buy Now Pay Later (BNPL) has picked up steam all around the world. Dubai based BNPL platform Tabby raised $50m in its series B financing, Indonesian BNPL giant Kredivo is going public in a $2.5B Spac merger, Apple is launching a BNPL program with Affirm, and Square recently announced its largest ever acquisition- a $29B price tag for Afte...
24 August 2021 /payments /retail
Joris Lochy Product Manager at Intix | Co-founder at Capilever
BNPL (short for "Buy Now Pay Later") is a hot topic in the Credit space. The recent funding round of Klarna (one of the most known BNPL players on the market) of $639 million at a valuation of $45,6 billion makes it Europe’s most valuable startup and shows that investors predict continuing exponential growth for this service. This antici...
26 July 2021 /retail /startups
Spanish consumers have recently had the ability to pay for purchases in installments. Traditional in-store arrangements allow consumers to pay for purchases over time, and some retailers like El Corte Inglés or Media Markt have offered interest-free or deferred payment options for many years. In recent years, newer types of electronic installment ...
11 June 2021 /payments /regulation
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