BNPL

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Klarna launches price comparison engine

/payments

Klarna launches price comparison engine

Klarna's push to create an all-pupose shopping app has been boosted further with the inclusion of a price comparison tool for the cost-conscious consumer.

/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.

FCA warns of jail time for BNPL bosses over financial promotions

/regulation

FCA warns of jail time for BNPL bosses over financial promotions

The UK's Financial Conduct Authority is warning BNPL bosses that they could face jail time if they do not stick to stringent financial promotion rules.

/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.

Ant rolls out BNPL product in Hong Kong

/payments

Ant rolls out BNPL product in Hong Kong

Ant Group continues to expand its product range in Asia, rolling out a BNPL offering in Hong Kong and small business loans in Singapore.

Airwallex partners Atome on BNPL

/payments

Airwallex partners Atome on BNPL

Airwallex has joined forces with Asian BNPL giant Atome to enable its merchant customers to offer instalment payment options.

Klarna losses quadruple in Australia

/payments

Klarna losses quadruple in Australia

Klarna's Australian arm racked up losses of $56 million last year, four times bigger than when it launched in the country in 2020, when it reported a $14 million loss.

/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.

BNPL firm Tymit raises £23m

/payments

BNPL firm Tymit raises £23m

London-based BNPL player Tymit has closed a £23 million Series A funding round led by retailer Frasers Group.

Zip launches BNPL card

/payments

Zip launches BNPL card

BNPL firm Zip has partnered WebBank to launch a physical card as it bids to make inroads into in-store shopping.

/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.

Italy's Mediobanca snaps up BNPL fintechs

/payments

Italy's Mediobanca snaps up BNPL fintechs

The consumer credit arm of Italian investment bank Mediobanca Group has made two fintech investments designed to boost its BNPL operations.

/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.

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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.

Amazon and Affirm bring BNPL payments to Canada

/payments

Amazon and Affirm bring BNPL payments to Canada

Amazon and Affirm are extending their buy now, pay later partnership to Canada, enabling shoppers to pay for their purchases in instalments.

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