BNPL

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Galileo releasees BNPL software for banks and fintechs

Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced a buy now, pay later (BNPL) solution with issuance of single-use virtual cards and complete loan servicing.

Curve secures $1 billion credit facility from Credit Suisse

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Curve secures $1 billion credit facility from Credit Suisse

All-in-one card and financial app Curve has secured a $1 billion credit line from Credit Suisse to support its instalment transaction product Curve Flex as it scales across the UK, the EU and the United States

Klarna Q3 losses double; forecasts profitability in 2023

/payments

Klarna Q3 losses double; forecasts profitability in 2023

BNPL giant Klarna is forecasting that it will hit profitability on a monthly basis next year despite a doubling of losses in the third quarter.

BMO introduces credit card instalment plan feature

/payments

BMO introduces credit card instalment plan feature

Bank of Montreal is rolling out a digital credit card instalment plan that lets shoppers split their purchases into interest-free monthly payments.

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Versatile Credit’s platform paired with Bread Financial’s BNPL technology

Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, today announced a new relationship with Versatile Credit Inc., a leading provider of innovative solutions linking bank lenders with consumers applying for credit in retail stores.

Zilch set to cut ten percent of staff

/people

Zilch set to cut ten percent of staff

London-based BNPL unicorn Zilch is preparing to axe up to ten percent of its workforce just months after securing an additional $50m in funding.

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Mollie data reveals strong Black Friday & Cyber Week sales performance

Mollie, one of the fastest growing financial services providers in Europe, has revealed insights into online payment trends for small and medium-sized retailers on Black Friday and Cyber Week 2022.

/BNPL

IwocaPay integrates with WooCommerce to offer B2B buy now, pay later to ecommerce businesses

iwoca, one of Europe’s largest small business lenders, is today announcing the integration of its B2B payment solution iwocaPay with leading ecommerce software WooCommerce.

Experian to run Singapore BNPL credit bureau

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Experian to run Singapore BNPL credit bureau

Experian has been appointed to operate Singapore's buy now, pay later credit bureau, providing firms with creditworthiness checks on consumer BNPL debt.

NextGen Nordics 2023 agenda announced

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NextGen Nordics 2023 agenda announced

NextGen Nordics will return on 25th April 2023 to Stockholm, Sweden and the timing of this event could not be better placed.

/payments

Fly Now Pay later integrated into Worldline TravelHub

Fly Now Pay Later, the travel industry’s leading BNPL provider that allows customers to spread the cost of their travel expenditures over monthly instalments, has today announced a new partnership with Worldline.

RBC partners Visa to offer cardholders BNPL option

/payments

RBC partners Visa to offer cardholders BNPL option

Royal Bank of Canada is the latest lender to tap into Visa's BNPL technology to offer its credit cardholders the option of paying for purchases in instalments.

/payments

NAB BNPL product goes live

NAB Now Pay Later is now live and available for the 52,000 customers who pre-registered.

/payments

Viva Wallet and Klarna enter Europe-wide partnership

European cloud-based neobank Viva Wallet is set to further expand the line-up of payment options offered to their thousands of merchants across the continent.

/people

Divido appoints Gaz Lloyd-Owen as CPO

Gareth “Gaz” Lloyd-Owen has been appointed Chief Product Officer at UK-based checkout finance platform provider Divido.

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

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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.

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