BNPL

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Scalapay acquires Italian payment institution Cabel IP

/payments

Scalapay acquires Italian payment institution Cabel IP

BNPL unicorn Scalapay has acquired Italian payment institution Cabel IP to boost growth across Europe.

BNPL platform Affirm quits Australia

/payments

BNPL platform Affirm quits Australia

A month after laying off 19% of its workforce, American buy now, pay later platform Affirm is quitting the Australian market.

/payments

AsiaPay launches Visa Instalments

AsiaPay a leading provider of digital payment solutions in the Asia Pacific, has launched Visa Instalments in Hong Kong and will further extend to Southeast Asia to provide merchants more flexible payment options and enhance the purchase experience of consumers.

Sezzle pulls back from the brink; reports profitable fourth quarter

/payments

Sezzle pulls back from the brink; reports profitable fourth quarter

While Klarna posts eye-popping losses of $1 billion for 2022, US BNPL rival Sezzle exits the year on a profitable note, reporting a 16% jump in total income to $38.3 million.

Klarna reports $1 billion loss

/payments

Klarna reports $1 billion loss

Swedish buy now, pay later giant Klarna continues to bleed red ink, posting a $1 billion loss for 2022, 47% up from a $680 million loss in 2021.

Klarna UK to introduce charges for late payments

/payments

Klarna UK to introduce charges for late payments

Klarna is to begin charging late payment fees to UK customers in a bid to curb loan defaults as more users turn to buy now, pay later services to budget their way through the cost of living crisis.

/payments

Western Union and Beforepay introduce 'send now, pay later' service

Western Union and Beforepay today announced a first-of-its-kind collaboration, allowing consumers to boost their cross-border money transfers by accessing reliable, ethical and affordable short-term lending.

/payments

Associated Credit Union of Texas teams up with equipifi on BNPL offering

Equipifi, a white label SaaS company powering financial institutions with Buy Now, Pay Later (BNPL) announced that a growing number of credit unions on major banking cores can now offer BNPL to their members.

Klarna appears to have finally cracked the US market

/payments

Klarna appears to have finally cracked the US market

Klarna's long-standing ambition to crack the American market appears to be finally coming good, with the US now representing its biggest revenue-generating stream globally.

Zopa snaps up DivideBuy

/payments

Zopa snaps up DivideBuy

Zopa has snapped up buy now, pay later outfit DivideBuy, it's first acquisition from a $75 million warchest raised earlier this year.

/payments

Ecommpay enters the BNPL market with tailored product for travel sector

International payment service provider and direct bank acquirer, ECOMMPAY, has today announced the launch of its first Buy Now, Pay Later (BNPL) offering.

/people

NewDay's Joseph Tucker joins Deko as CFO

Deko, the multi-lender Buy Now Pay Later (BNPL) platform, has appointed Joseph Tucker to the position of Chief Financial Officer.

Westpac gives credit cards a BNPL twist

/payments

Westpac gives credit cards a BNPL twist

Westpac has developed a novel twist on the buy now, pay later concept, giving credit card customers the opportunity to pay off their bills in four instalments

UK Government opens BNPL consultation

/regulation

UK Government opens BNPL consultation

The UK Government has launched its long-anticipated consultation on rules to crack down on the unrelegulated buy now, pay later sector.

/payments

Klarna reports boom in demand for BNPL in the home improvements sector

Air conditioning units, heat pumps and humidifiers are amongst the household items that soared in sales last year, according to data from Klarna, with consumers using the smooth payment provider for everyday household items.

BNPL payments increase over 10% as cost of living hits UK shoppers – Adobe

/payments

BNPL payments increase over 10% as cost of living hits UK shoppers – Adobe

Research from Adobe Analytics has found that the use of Buy Now Pay Later (BNPL) by UK consumers has risen 10.7% compared to January 2022.

BNPL provider Affirm cuts 19% of staff, ends crypto initiative

/people

BNPL provider Affirm cuts 19% of staff, ends crypto initiative

BNPL platform Affirm announced it has cut 19% of its workforce, amounting to 500 employees.

/payments

Iwoca brings BNPL to businesses that use Intuit's QuickBooks

iwoca is today announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ leading accounting software package – this makes it the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.

Oz BNPL firm Openpay falls into receivership

/payments

Oz BNPL firm Openpay falls into receivership

Australian BNPL operator Openpay has gone into receivership, laying off 80 employees, just days after announcing record quarterly results.

/payments

Mondu provides BNPL product for B2B sales

Mondu, the fast-growing B2B payments company, has announced MonduSell, a new solution for B2B merchants offering flexible payments on every sales channel: field sales, tele-sales or email orders.

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