BNPL

771 articles tagged with this keyword

/regulation

CFPB ready to regulate BNPL

The Consumer Financial Protection Bureau (CFPB) is planning to tighten up regulation of BNPL firms, bringing in the same baseline consumer protections that already exit for credit cards.

/payments

PPRO adds BNPL from Zip to payment mix

PPRO merchants will soon have the ability to integrate buy now, pay later services from Australian provider Zip at the point of checkout.

/payments

Splitit raises $A10.5m

Splitit, the ASX-listed BNPL player behind a white-label Instalments-as-a-Service platform, has raised A$10.5 million in a private placement with institutional investors.

/payments

Bread Financial signs with Marqeta

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced that it has been chosen by Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, to enhance the in-store checkout experience for shoppers using Bread PayTM, its flexible suite of Buy Now, Pay Later products.

/cloud

Carbon Finance extends Mambu partnership

Carbon Finance, a Pan-African microfinance bank, today announced it has extended its partnership with Mambu to continue growing its financial services offering and accelerate expansion.

/payments

Flutterwave secures Nigerian switching and processing licence

Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN) — widely regarded as CBN’s most valuable payments processing license.

/payments

Klarna losses quadruple

Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit defaults, increased employee costs and investment in market expansion.

/payments

US lawmakers seek answers from BNPL firm financing gun purchases

A group of Democrat lawmakers have written to BNPL firm Credova Financial expressing "strong concerns" about its facilitation of online gun purchases.

/payments

Afterpay closes Money app, ending Westpac partnership

Australian BNPL firm Afterpay is killing off its Money app - and the related partnership with Westpac - as parent Block readies the launch of its Cash App in the country.

/payments

UK supermarket rolls out BNPL loans to tackle rising food costs

With many of its customers struggling in the face of a cost of living crisis, UK supermarket chain Iceland is rolling out an interest-free BNPL product for use at its shops.

/BNPL

Ramp joins B2B BNPL market with Flex

Ramp, the first finance automation platform and corporate card designed to help businesses spend less, today announced an expansion of its platform that enables businesses to finance all of their bills in one place.

/payments

Egyptian BNPL firm valu acquires fintech company Paynas

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of International Cooperation.

/payments

Square sellers across the UK can now offer BNPL through Clearpay integration

Today, Square launches its first integration with Clearpay in the UK, providing “Buy Now, Pay Later” (BNPL) functionality to sellers across online and in-person commerce.

/payments

Sezzle integrates with customer platform Klaviyo

Sezzle, a leader in the Pay in 4 industry, today announced the launch of a new direct integration with Klaviyo.

/regulation

FCA warns against unlawful BNPL promotion

The Financial Conduct Authority (FCA) has warned firms against promoting unapproved BNPL products.

/payments

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.

/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.

/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.

/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.

/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).