BNPL

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Nexi and Compass forge BNPL pact

Nexi – the European PayTech – and Compass – the consumer credit company part of Mediobanca Group – announce a strategic partnership in the Buy Now Pay Later (BNPL) business.

/payments

Marqeta research finds an estimated 12 million Brits to buy Christmas now, pay later

Research from Marqeta, the global modern card issuing platform, reveals that an estimated 12 million UK consumers (17%) will turn to short term credit instalment plans this Christmas to afford presents and other essential items.

/payments

Klarna adds to retailer marketing and revenue suite

Klarna, the AI-powered global payments network and shopping assistant, today announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective ways and enhance the shopping experience for consumers.

/inclusion

EduFi secures $6.1 million to launch Study Now Pay Later

EduFi launches the first-ever digital student loan platform in Pakistan, on a mission to empower more students to achieve their academic pursuits and tackle the economic challenges facing families in the pursuit of knowledge for their children.

/payments

AtPay taps Pismo for in-store and online payments

Fintech disruptor @Pay (AtPay) has chosen Pismo's cloud-native API-based platform to support its operations in Australia.

/startups

Italian BNPL startup Qomodo raises €34.5m in pre-seed funding

Italian fintech Qomodo has raised €34.5m in a seed funding round led by Fasanara Capital.

Klarna lays groundwork for IPO; avoids strike

/payments

Klarna lays groundwork for IPO; avoids strike

Klarna is setting up a UK holding company ahead of a widely-expected initial public offering. Separately, the BNPL giant has struck a collective agreement with Swedish workers to head off a strike.

/payments

Amazon extends Affirm BNPL option to B2B store

Today, Amazon (NASDAQ:AMZN) and Affirm (NASDAQ: AFRM) announced an expanded partnership that makes Affirm the first pay-over-time option available at checkout on Amazon Business, a business-to-business (B2B) store that helps businesses of all sizes digitize and automate procurement with powerful management controls and analytic tools—all within the familiar experience of Amazon.

Middle Eastern BNPL platform Tabby raises $200 million

/payments

Middle Eastern BNPL platform Tabby raises $200 million

UAE-based buy now, pay later player Tabby has secured $200 million in Series D funding at a $1.5B valuation, making it the Mena region's first fintech unicorn head of a planned IPO in Saudi Arabia.

Zilch secures eBay investment

/payments

Zilch secures eBay investment

London-based buy now, pay later outfit Zilch has received an investment from e-commerce giant eBay at a $2 billion valuation.

More than a quarter of Brits using BNPL - FCA

/payments

More than a quarter of Brits using BNPL - FCA

As new research shows that more than a quarter of Brits have used BNPL in a six-month period, the FCA has agreed deals with two firms - PayPal and QVC - to make their contract terms easier to understand.

/payments

BMO to offer credit cardholders Visa Installments

Today, Visa and BMO announced a new collaboration to provide eligible BMO credit cardholders access to Installments, enabled by Visa.

Swedish unions threaten Klarna strike

/people

Swedish unions threaten Klarna strike

BNPL giant Klarna is facing a possible strike by employees at its Swedish headquarters next month.

US Bank launches POS lending tech

/payments

US Bank launches POS lending tech

US Bank has launched an embedded, multi-channel point-of-sale lending platform that lets firms offer customers financing at the checkout.

/payments

Ingenico and embedded lending platform Jifiti form global alliance

Ingenico, the global leader in payment acceptance solutions, joins forces with Jifiti, the global-leading fintech in white-labeled embedded lending, in a landmark worldwide alliance.

/payments

Airbnb launches Pay Over Time with Klarna in Ireland

Airbnb and Klarna have joined forces to launch Pay Over Time with Klarna, a new way for guests in Ireland to spread the cost of their reservation.

/payments

Hokodo and Balance collaborate on global payment terms

Hokodo, headquartered in Europe, and Balance, based in the United States, are announcing today a first-of-its-kind partnership that will redefine the global payment terms landscape and create new opportunities for B2B buyers and sellers.

B2B BNPL player Mondu registers with FCA and goes live in UK

/payments

B2B BNPL player Mondu registers with FCA and goes live in UK

Berlin-based B2B buy now, pay later startup Mondu has formally registered with the Financial Conduct Authority (FCA) and will begin working with 16 British clients immediately

/payments

One in three British adults using BNPL

Clearpay, a leader in Buy Now, Pay Later (BNPL), has today published research revealing that BNPL use is rising across all age groups, with 30% of British adults using the service to make at least one payment over the 12 months ending August 2023.

Marqeta inks deal with European BNPL firm Scalapay

/payments

Marqeta inks deal with European BNPL firm Scalapay

Marqeta has reached an agreement with Southern European BNPL provider Scalapay to use its platform to issue cards both online and in-store.

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