Latest BNPL News: Finextra Research

Company update/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.

21 November 2022

News/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.

14 November 2022

Company update/payments

NAB BNPL product goes live

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

14 November 2022

Company update/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.

14 November 2022

Company update/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.

14 November 2022

News/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.

14 November 2022

Company update/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.

14 November 2022

News/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.

09 November 2022

Company update/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.

07 November 2022

News/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.

07 November 2022

News/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.

02 November 2022

News/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.

01 November 2022

Company update/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.

26 October 2022

News/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.

26 October 2022

News/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.

26 October 2022

Company update/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.

25 October 2022

Company update/payments