Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Faster Payments volumes increase by 23%– UK Finance

A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031.

19 August 2022

Company update/payments

Splitit strikes deal with Telispire

Splitit (ASX: SPT) (OTCQX: SPTTY) announced Telispire, a wholly owned subsidiary of the National Rural Telecommunications Cooperative (NRTC), has selected to integrate Splitit's Installments-as-a-Service into its PHOENIX state-of-the-art back office and billing system allowing Telispire's mobile virtual network operator (MVNO) customers to offer installment payments to its subscribers easily.

15 August 2022

News/payments

Klarna extends shopping app to track all online purchases

Klarna is extending its app to allow UK consumers to view their full online order history, regardless of whether they are purchased using Klarna, as part of its bid to become a general-purpose shopping companion.

15 August 2022

Company update/payments

Splitit brings its Installments-as-a-Service to the rental market

Splitit (ASX:SPT,OTCQX:SPTTY) announced letus has selected Splitit to bring its Installments-as-a-Service to its cloud payment platform for the property rental market, allowing tenants to pay expenses in several interest-free installments on their credit card.

03 August 2022

Company update/payments

Tabby secures $150m credit facility from Atalaya Capital Management and Partners for Growth

Tabby, MENA’s leading payments and shopping app, has secured $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG).

03 August 2022

News/retail

Up Bank launches BNPL alternative, Maybuy

Australian neobank Up Bank, has launched savings service Maybuy. Maybuy is designed as an alternative to Buy Now Pay Later (BNPL) products which have become increasingly popular in recent years.

01 August 2022

Company update/payments

Mastercard Installments gains traction

Mastercard has welcomed a raft of new global partners to its innovative Mastercard Installments program and is expanding it further to support small businesses in the U.S.

28 July 2022

News/regulation

US consumer watchdog takes 'careful look' at Apple's BNPL plans

Apple's entry into the buy now, pay later market is prompting the Consumer Financial Protection Bureau (CFPB) to take a "very careful look" at the implications of Big Tech moving into the sector.

27 July 2022

News/payments

Virgin Money unveils BNPL credit card

Virgin Money in entering the buy now, pay later arena through the launch of a credit card that lets customers spread repayments over installments while building their credit scores.

26 July 2022

Company update/payments

Synchrony installment payments come to Fiserv's Clover POS

Synchrony (NYSE: SYF), a leading consumer financing company, today announced that merchants will now be able to offer a short-term, no interest installment option, Synchrony SetPay pay in 4, via the Clover point-of-sale and business management system from Fiserv, Inc.

15 July 2022

News/payments

Zip looks for exit from UK

Sydney-listed Zip Co is sounding out buyers for its UK BNPL unit just over a year after arriving in the country, Sky News learns.

14 July 2022

Company update/payments

Klarna integrates with Blackhawk Network

Today, a new partnership between global branded payments provider, Blackhawk Network, and leading global retail bank, payments, and shopping service, Klarna, will extend the ability for consumers to use Klarna’s interest-free alternative payment solutions at a variety of physical retail locations.

13 July 2022

News/payments

Deutsche Bank to develop white label BNPL product for merchants

Deutsche bank is working with Viennese fintech Credi2 to develope a white label buy now, pay later product for uptake by online retailers and e-commerce marketplaces.

13 July 2022

News/payments

Zip terminates merger deal with Sezzle

Shares in US BNPL player Sezzle tumbled by 30% as Australian rival Zip pulled out of a proposed $491 million merger deal.

12 July 2022

News/payments

Zip closes money management app to 'reprioritise' BNPL

Australian buy now, pay later firm Zip, is closing Pocketbook, the money management app it bought for A$7.5 million in 2016, in order to focus on a core business facing up to a faltering economy.

12 July 2022

News/payments

Klarna valuation slumps to $6.7 billion on $800 million funding round

Klarna's valuation has nosedived from $46 billion to just $6.7 billion after the buy now, pay later pioneer clinched an $800 million funding round.

11 July 2022

Company update/people

LatAm BNPL firm Kueski names Sung Hae Kim chief people officer

Kueski, one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, today announced the appointment of Sung Hae Kim as the company's Chief People Officer.

06 July 2022

News/payments

60% of UK adults have used embedded finance services in the past year - Temenos

Research conducted by Temenos has concluded that two out of three adults have used embedded finance services during the checkout process online in the past year.

06 July 2022