BNPL

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/payments

Tinkoff launches Russia's first BNPL payment service

Russian consumers are to get their first taste of the buy now, pay later phenomenon sweeping neighbouring European markets, courtesy of a new product from digital bank Tinkoff.

/payments

Zip invests in South African BNPL startup Payflex

With international investment in South Africa having drastically reduced, homegrown fintech startup Payflex has scored a significant vote of confidence from an Australian-listed multinational.

/payments

BNPL schemes make it easy to spend, but harder to understand the risks

A study of the terms & condition of popular buy now, pay later apps finds that they can take up to an hour to read, with important information about financial risks buried in the documents.

/sustainable

Klarna launches carbon footprint insights for 90 million consumers

Buy now, pay later giant Klarna is to provide shoppers with carbon footprint calculation tools from Mastercard-backed Doconomy to measure the emissions generated by their purchases.

/retail

Credit Kudos chosen as Open Banking partner for Curve Credit

Credit Kudos, the challenger credit reference agency and Open Banking provider, today announced they have been selected as the Open Banking provider for Curve, the fintech that brings your cards into one smart card and app, for its forthcoming Curve Credit product.

/payments

Zilch hits $500 million valuation on $80 million fund raise

The buy now, pay later sector continues to attract investor dollars, with two-year old UK player Zilch the latest to benefit, raising $80 million at a valuation of $500 million.

/payments

UnionPay International to offer instalment payments with Splitit

Splitit, a global payment technology company (ASX:SPT), announces a new global partnership with UnionPay International, part of China UnionPay, the provider of bank card services and a major card scheme in mainland China.

/retail

AfterPay and Adyen join forces

Afterpay (ASX:APT) the leader in "Buy Now, Pay Later", and Adyen, (AMS: ADYEN), the global payments platform of choice for many of the world's leading businesses, are joining forces to offer Afterpay's leading "Buy Now, Pay Later" (BNPL) service to retailers, kicking off with Hunter, the premium British footwear brand.

/startups

Zilch brings BNPL to UK high street

UK-based buy now, pay later player Zilch is rolling out a 'tap and pay-over-time' feature that lets shoppers make in-store payments with a wave of their digital wallet, with the cost spread over a six week period.

/payments

Japanese BNPL firm Paidy raises $120m

Japanese buy now, pay later (BNPL) outfit Paidy has raised US$120 million in a Series D funding round.

/payments

Afterpay unveils virtual card for in-store BNPL purchases

Australian BNPL giant Afterpay is stepping up its assault on in-store payments through the introduction of a contactless virtual card offering.

/payments

UK BNPL player Butter raises £15.8 million

UK-based buy now, pay later provider Butter has closed a £15.8m funding round to help it take on the likes of AfterPay and Klarna in its home market.

/payments

CommBank steps into BNPL fray

Commonwealth Bank of Australia has waded into the competitive buy now, pay later market, competing with local juggernaught Afterpay, and Klarna, in which it has invested $350 million.

/payments

Afterpay enters Southern European market with Clearpay

Afterpay (ASX:APT), the leader in "Buy Now, Pay Later" payments, today launched its European service, Clearpay, to merchants across Spain and France. Italian merchants will begin offering Clearpay later this month.

/payments

Perkbox to provide BNPL services with Zip

Perkbox, Europe’s fastest growing global ‘employee experience’ platform, has partnered with Zip – the global buy-now-pay-later fintech – to provide flexible payment solutions on shopping for employees.

/payments

One-fifth of UK public chose a BNPL payment method in 2020

Leading independent economic consultancy Capital Economics has today released findings from its latest report - BNPL and The New Economic Landscape - highlighting the benefits of Buy Now Pay Later (BNPL).

/payments

BNPL outfit Zip partners BigCommerce

Leading Buy Now, Pay Later (BNPL) provider Zip (ASX: Z1P) today announced the company has been selected by BigCommerce (NASDAQ: BIGC) as an Elite Partner.

/payments

ThinkSmart basks in the glow of BNPL boom

AIM-listed digital payments business ThinkSmart is reporting a 237% uplift in trading performance for the first half as it realises the value of its remaining ten percent holding in buy now, pay later firm ClearPay.

/payments

Apexx Global offers merchants a pick'n'mix suite of BNPL products

Global payment platform Apexx is to offer merchants a choice of multiple buy now, pay later options from disparate players via a new Agreggatior product.

/BNPL

Australian Finance Industry Association introduces voluntary code of practice for BNPL sector

The Australian Finance Industry Association (AFIA) is pleased to announce that its Code of Practice for the Buy Now Pay Later (BNPL) sector has come into effect today.