BNPL

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Galileo releasees BNPL software for banks and fintechs

Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced a buy now, pay later (BNPL) solution with issuance of single-use virtual cards and complete loan servicing.

/payments

Versatile Credit’s platform paired with Bread Financial’s BNPL technology

Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, today announced a new relationship with Versatile Credit Inc., a leading provider of innovative solutions linking bank lenders with consumers applying for credit in retail stores.

/payments

Mollie data reveals strong Black Friday & Cyber Week sales performance

Mollie, one of the fastest growing financial services providers in Europe, has revealed insights into online payment trends for small and medium-sized retailers on Black Friday and Cyber Week 2022.

/BNPL

IwocaPay integrates with WooCommerce to offer B2B buy now, pay later to ecommerce businesses

iwoca, one of Europe’s largest small business lenders, is today announcing the integration of its B2B payment solution iwocaPay with leading ecommerce software WooCommerce.

/payments

Fly Now Pay later integrated into Worldline TravelHub

Fly Now Pay Later, the travel industry’s leading BNPL provider that allows customers to spread the cost of their travel expenditures over monthly instalments, has today announced a new partnership with Worldline.

/payments

NAB BNPL product goes live

NAB Now Pay Later is now live and available for the 52,000 customers who pre-registered.

/payments

Viva Wallet and Klarna enter Europe-wide partnership

European cloud-based neobank Viva Wallet is set to further expand the line-up of payment options offered to their thousands of merchants across the continent.

/people

Divido appoints Gaz Lloyd-Owen as CPO

Gareth “Gaz” Lloyd-Owen has been appointed Chief Product Officer at UK-based checkout finance platform provider Divido.

/payments

DivideBuy plugs in to Acquired.com

DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has today announced a partnership with Acquired.com, a UK payments specialist and payment initiation service provider, through which DivideBuy’s merchants will be able to leverage smart automated tools designed to eliminate the rate of failed transactions, boost approval rates and offer vastly smoother payment experiences for customers.

/payments

Finastra forms alliance with Jifiti

Finastra, a global provider of financial software applications and marketplaces, and Jifiti, a leading global fintech company, today announced a collaboration to extend embedded finance capabilities to all financial institutions in the Finastra BaaS (Banking as a Service) ecosystem.

/payments

Square and Clearpay to provide online storefronts for British Fashion Council designers

Square and Clearpay has launched a programme for the British Fashion Council’s (BFC) young designers to help them establish their online storefronts.

/regulation

CBK to test a buy now, pay later product within its regulatory sandbox

In light of the keenness of the Central Bank of Kuwait (CBK) to enable modern financial technologies in the State of Kuwait and to enhance its role in adopting and encouraging innovation, in a way that promotes the introduction of innovative business models, the CBK has allowed a new Buy Now Pay Later (BNPL) product to begin testing by launching thereof in the local market within the Regulatory Sandbox with a group of volunteer customers and merchants to fully assess and evaluate the product before the final launch in the market.

/payments

Sun Finance launches BNPL product

One of Europe’s most rapidly growing fintech companies, Sun Finance, is expanding its product range with BNPL (buy-now-pay-later).

/payments

Visa Installments gains momentum in Canada

Today, Visa has announced new collaborations across the payment ecosystem, to bring Installments enabled by Visa to more eligible credit cardholders.

/payments

Mondu raises €20 million debt financing round from VVRB

B2B payments company Mondu has raised a €20m debt investment round from German bank Vereinigte Volksbank Raiffeisenbank.

/payments

Volkswagen Bank increases stake in fintech Credi2 and launches new instant loan product

In order to strengthen the cooperation with the buy now, pay later Fintech Credi2, Germany’s largest automobile bank, Volkswagen Bank, has increased its stake in the Viennese fintech from 20 percent to over 28 percent.

/payments

Hokodo provides BNPL plug in for Shopify merchants

Leading B2B Buy Now, Pay Later (BNPL) provider Hokodo has today announced a new plug-in for multinational e-commerce platform Shopify.

/payments

Afterpay introduces 12-month repayment options

Afterpay, a leader in “Buy Now, Pay Later” payments, today introduced a new payment solution that give consumers even more choice, flexibility and time to pay, with transparent terms to support responsible spending - just in time for the busy holiday shopping season.

/payments

SeQura secures €150 million credit lne from Citi

SeQura the leading BNPL and flexible payments platform in Spain and southern Europe, closed an asset-backed agreement with Citi of up to €150m of senior financing.

/wholesale

Playter now able to offer up to £1m per year in funding to UK SME's

Exciting London-based start-up Playter is taking the BNPL space by storm, as they announce an increase in the amount of funding SMEs can access through their innovative growth platform, reducing business owners' burn rates, increasing runway, and freeing up capital.

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