408 articles tagged with this keyword
News/payments
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.
Australian buy now, pay later firm Openpay has ended its US operations and laid off most of its staff in the country, according to Reuters.
05 July 2022
Amazon has collaborated with Buy Now, Pay Later (BNPL) fintech platform, vaIU, to launch affordable payment options for Amazon Egypt.
04 July 2022
Klarna is closing in on a funding round that would see the BNPL giant's valuation slashed from $45.6 billion last year to just $6.5 billion, according to the Wall Street Journal.
01 July 2022
Following the news of Finastra’s new product, an embedded consumer lending solution, Finastra’s senior director of solution management, Banking-as-a-Service (BaaS), and orchestration, Jeannette Kescenovitz comments on the new service.
News/retail
UK digital bank Monument takes advantage of new opportunities emerging in digital banking by focusing on providing complex services backed by new technologies. Finextra spoke to CEO Ian Rand to explore the new services the bank is developing, the future of financial services, and catering to the mass affluent.
London-based BNPL unicorn Zilch has secured an additional $50m in funding, taking the total raise for its Series C to $160m.
30 June 2022
News/regulation
Tensions between the traditional banking sector and the increasingly popular buy now, pay later industry spilled over this week as Klarna hit back at Barclays' research on BNPL regulation, calling it "mind-boggling" and irresponsible".
24 June 2022
Revolut will roll out its "responsible instalments payment product" - dubbed Pay Later - in Europe, starting with a select group of customers in Ireland this week.
UK-based B2B buy now, pay later startup Playter has closed on a $55 million debt and equity round from the backers of Klarna, SoFi and Pipe.
22 June 2022
Buy now, pay later lenders in the UK will be forced to carry out affordability checks and refrain from misleading advertising and promotions under new rules proposed by the UK government.
20 June 2022
The final day of Money 20/20 Europe opened with a topic hot on everyone’s minds, with the session titled ‘what’s next for buy now pay later (BNPL)?’ As the UK and other governments have started dipping their toes into regulating this form of credit, this panel discussed what needs to be done make this tool sustainable and beneficial to consumers.
10 June 2022
Apple has taken another huge step into financial services, making loans to users of its new BNPL product directly, rather than through a banking partner.
09 June 2022
More than two in five buy now, pay later (BNPL) customers borrowed money to make repayments, Citizens Advice has found, fuelling fears of a looming credit crisis among cash-strapped consumers.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.