BNPL

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Amazon invests $20 million in Indian BNPL firm Axio

/payments

Amazon invests $20 million in Indian BNPL firm Axio

Indian buy now, pay later firm Axio has landed a $20 million equity investment from Amazon's Smbhav Venture Fund.

Klarna to use AI to halve workforce

/ai

Klarna to use AI to halve workforce

Klarna saw revenue rise 27% in the first half of 2024, buoyed by its aggressive use of AI, which CEO Sebastian Siemiatkowski says could help the BNPL giant halve its workforce.

Klarna acquires assets of bankrupt BNPL firm Laybuy

/payments

Klarna acquires assets of bankrupt BNPL firm Laybuy

Klarna has acquired the assets of defunct buy now, pay later firm Laybuy in New Zealand.

/payments

BNPL firm Zip integrates with Stripe for US merchants

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, today announced its integration as a payment method for U.S. merchants using Stripe.

Klarna takes on banks with new 'account' for storing funds

/payments

Klarna takes on banks with new 'account' for storing funds

Klarna is rolling out an "account" where customers can store money and cashback rewards as the Swedish fintech continues to diversify beyond its BNPL roots into more traditional retail banking services.

/payments

Mondu secures EMI licence

Mondu BV, the fast-growing B2B Fintech, has secured an Electronic Money Institution (EMI) License from De Nederlandsche Bank (DNB) in the Netherlands.

/payments

Marqeta, Visa and Affirm team on flexible checkout options

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is working with Visa and Affirm to offer the Visa Flexible Credential, a single card product that can toggle between payment methods, putting the power of choice in the hands of the consumer.

/payments

Billie to provide BNPL option to Stripe merchants

Billie, the new standard for B2B payments and leading provider of Buy Now, Pay Later (BNPL) payment solutions for business customers is now available via Stripe.

/payments

Klarna combines Sofortüberweisung with Pay Now service in Germany

Klarna, the AI-powered global payment network and shopping assistant, today announced the integration of Sofortüberweisung into the Klarna environment.

Chase stops customers using credit cards to make BNPL instalment payments

/payments

Chase stops customers using credit cards to make BNPL instalment payments

Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans.

Klarna lines up banks for 2025 IPO - FT

/payments

Klarna lines up banks for 2025 IPO - FT

Swedish BNPL outfit Klarna is lining up potential financial advisors for a US initial public offering that could happen in the first half of next year, according to the Financial Times.

/regulation

American Fintech Council responds to CFPB buy now, pay later rules

The American Fintech Council (AFC), the fastest growing premier industry association representing responsible fintech companies and innovative banks, submitted its response to the Consumer Financial Protection Bureau (CFPB) on the proposed Interpretive Rule and Request for Comment on the Use of Digital User Accounts to Access Buy Now, Pay Later Loans.

Divido calls in the administrators

/payments

Divido calls in the administrators

White label buy now, pay later player Divido has been declared insolvent.

EPI launches wero wallet in Germany

/payments

EPI launches wero wallet in Germany

The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months.

/payments

Klarna to provide BNPL for Adobe Commerce merchants

Klarna, the AI-powered global payments network and shopping assistant, today announced it’s partnered with Adobe Commerce to enable merchants to easily implement Klarna’s Buy Now Pay Later (BNPL) services, along with other flexible payment options.

/payments

Sezzle brings Payment Streaks feature to Canada

Sezzle Inc. (NASDAQ: SEZL) (Sezzle or Company) // – Sezzle, the most popular Buy Now, Pay Later (BNPL) provider in Canada, is delighted to announce that its innovative Payment Streaks feature is now available to Canadian users.

/payments

Visa brings instalment payments to Amazon customers in Canada

Visa has announced a new collaboration with Amazon that will provide Canadian consumers with more choice at checkout.

/payments

Klarna Plus hits US customer milestone

Klarna, the AI powered global payments network and shopping assistant, today announced that Klarna Plus, issued by WebBank, has reached a significant milestone of 100,000 subscribers in the US since its launch earlier this year.

Klarna sells Checkout business

/payments

Klarna sells Checkout business

Klarna is selling its online checkout business to a consortium of investors for around €485 million in order to remove the conflict of interest it created with partners such as Adyen and Stripe.

Zilch secures £100 million financing deal

/payments

Zilch secures £100 million financing deal

With one eye on an IPO in 2025, London-based buy now, pay later firm Zilch has secured £100 million in securitised debt financing arranged by Deutsche Bank (DB).

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