421 articles tagged with this keyword
News/regulation
The Consumer Financial Protection Bureau (CFPB) is planning to tighten up regulation of BNPL firms, bringing in the same baseline consumer protections that already exit for credit cards.
15 September 2022
News/payments
PPRO merchants will soon have the ability to integrate buy now, pay later services from Australian provider Zip at the point of checkout.
Splitit, the ASX-listed BNPL player behind a white-label Instalments-as-a-Service platform, has raised A$10.5 million in a private placement with institutional investors.
13 September 2022
Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit defaults, increased employee costs and investment in market expansion.
31 August 2022
A group of Democrat lawmakers have written to BNPL firm Credova Financial expressing "strong concerns" about its facilitation of online gun purchases.
Australian BNPL firm Afterpay is killing off its Money app - and the related partnership with Westpac - as parent Block readies the launch of its Cash App in the country.
26 August 2022
With many of its customers struggling in the face of a cost of living crisis, UK supermarket chain Iceland is rolling out an interest-free BNPL product for use at its shops.
25 August 2022
The Financial Conduct Authority (FCA) has warned firms against promoting unapproved BNPL products.
19 August 2022
A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031.
Klarna is extending its app to allow UK consumers to view their full online order history, regardless of whether they are purchased using Klarna, as part of its bid to become a general-purpose shopping companion.
15 August 2022
News/retail
Australian neobank Up Bank, has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years.
01 August 2022
Apple's entry into the buy now, pay later market is prompting the Consumer Financial Protection Bureau (CFPB) to take a "very careful look" at the implications of Big Tech moving into the sector.
27 July 2022
Virgin Money in entering the buy now, pay later arena through the launch of a credit card that lets customers spread repayments over installments while building their credit scores.
26 July 2022
Sydney-listed Zip Co is sounding out buyers for its UK BNPL unit just over a year after arriving in the country, Sky News learns.
14 July 2022
Deutsche bank is working with Viennese fintech Credi2 to develope a white label buy now, pay later product for uptake by online retailers and e-commerce marketplaces.
13 July 2022
Shares in US BNPL player Sezzle tumbled by 30% as Australian rival Zip pulled out of a proposed $491 million merger deal.
12 July 2022
Australian buy now, pay later firm Zip, is closing Pocketbook, the money management app it bought for A$7.5 million in 2016, in order to focus on a core business facing up to a faltering economy.
Klarna's valuation has nosedived from $46 billion to just $6.7 billion after the buy now, pay later pioneer clinched an $800 million funding round.
11 July 2022
Research conducted by Temenos has concluded that two out of three adults have used embedded finance services during the checkout process online in the past year.
06 July 2022
Revolut will tap into Stripe’s international reach to ramp up its expansion into new international markets, including Brazil and Mexico.
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