736 articles tagged with this keyword
News/payments
Amazon has collaborated with Buy Now, Pay Later (BNPL) fintech platform, vaIU, to launch affordable payment options for Amazon Egypt.
04 July 2022
Klarna is closing in on a funding round that would see the BNPL giant's valuation slashed from $45.6 billion last year to just $6.5 billion, according to the Wall Street Journal.
01 July 2022
Following the news of Finastra’s new product, an embedded consumer lending solution, Finastra’s senior director of solution management, Banking-as-a-Service (BaaS), and orchestration, Jeannette Kescenovitz comments on the new service.
News/retail
UK digital bank Monument takes advantage of new opportunities emerging in digital banking by focusing on providing complex services backed by new technologies. Finextra spoke to CEO Ian Rand to explore the new services the bank is developing, the future of financial services, and catering to the mass affluent.
Company update/payments
Finastra today unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS).
30 June 2022
London-based BNPL unicorn Zilch has secured an additional $50m in funding, taking the total raise for its Series C to $160m.
News/regulation
Tensions between the traditional banking sector and the increasingly popular buy now, pay later industry spilled over this week as Klarna hit back at Barclays' research on BNPL regulation, calling it "mind-boggling" and irresponsible".
24 June 2022
Revolut will roll out its "responsible instalments payment product" - dubbed Pay Later - in Europe, starting with a select group of customers in Ireland this week.
We are delighted to announce a series B fundraise of $40 million that will help us to fulfil our ambition of enabling 1 million businesses to access a better way to pay by 2025!
23 June 2022
Splitit (ASX:SPT, OTCQX:SPTTY) and Everyware, a leading contactless payments and customer engagement solutions company, have agreed to a partnership to bring Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform eliminating consumer friction for mobile installments.
UK-based B2B buy now, pay later startup Playter has closed on a $55 million debt and equity round from the backers of Klarna, SoFi and Pipe.
22 June 2022
From today, US customers using the world’s first voice travel assistant service, MyVoiceTravel, will benefit from additional options to spread the cost of their flights at the time of booking.
Buy now, pay later lenders in the UK will be forced to carry out affordability checks and refrain from misleading advertising and promotions under new rules proposed by the UK government.
20 June 2022
PayPal Holdings, Inc. (NASDAQ: PYPL) today announced PayPal Pay Monthly1, its newest buy now, pay later offering, issued by WebBank, which gives U.S. consumers the ability to spread payments out over longer periods of time.
15 June 2022
Company update/people
DivideBuy, the leading UK point-of-sale (POS) finance pioneer, has today announced multiple appointments to its commercial senior leadership team to drive the company’s commercial strategy and fuel its ambitious growth trajectory.
Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with global travel platform Agoda, part of Booking Holdings, the world’s leading provider of online travel and related services.
14 June 2022
Carbon, a credit led Pan-African digital bank today released Carbon Zero: a buy now, pay later web app which helps customers spread the cost of purchases into interest-free instalments, in-store or online.
13 June 2022
The final day of Money 20/20 Europe opened with a topic hot on everyone’s minds, with the session titled ‘what’s next for buy now pay later (BNPL)?’ As the UK and other governments have started dipping their toes into regulating this form of credit, this panel discussed what needs to be done make this tool sustainable and beneficial to consumers.
10 June 2022
ICICI Bank today announced that it has partnered with ZestMoney, a leading digital EMI/ pay-later platform, to expand its ‘Cardless EMI’ facility for purchases at retail and e-commerce platforms.
09 June 2022
Apple has taken another huge step into financial services, making loans to users of its new BNPL product directly, rather than through a banking partner.
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