Latest BNPL News: Finextra Research

Klarna pledges to match consumer donations towards planet health causes this Earth Week

Klarna, a leading global retail bank, payments, and shopping service that helps consumers save time and money, be informed and in control, today announced a series of initiatives dedicated to supporting our planet’s health.

19 April 2022

News/predictions

Apple Pay most popular payments app with US teens

Apple Pay is the most popular payments app among American teens although the vast majority still regularly use cash, according to a survey.

11 April 2022

News/inclusion

NextGen Nordics: Banking app for Ukrainian refugees launched

Ahead of our NextGen Nordics conference on 27th April 2022, we will be putting together a weekly briefing of selected top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden.

08 April 2022

News/startups

Piraeus to launch independent digital bank

Piraeus Bank is to build a new online-only independent bank for customers in Greece and the rest of the European market, capitalising on digital trends in banking-as-a-service and buy now, pay later.

07 April 2022

News/payments

Zilch updates BNPL affordability criteria with Experian

Meeting concerns over affordability checks in buy now, pay later loans, the UK's Zilch has partnered with Experian to begin reciprocal reporting of credit data.

07 April 2022

Company update/startups

Manchester’s Social Money makes first time investment of £500,000 with make-up app Faces Consent

Social Money Ltd, owner of millennial buy now, pay later finance - Payl8r and bridge lending business - SoMo, has made its first ever investment in another business.

07 April 2022

Company update/payments

Paysend introduces credit builder and pay later products

Paysend, the UK-based fintech with over 6.5 million customers, today announces the launch of two new products to help customers improve their financial health: Credit Builder and Pay Later.

06 April 2022

Company update/payments

Klarna rebrands Stocard

Klarna, a leading global retail bank, payments, and shopping service that helps consumers save time and money, be informed and in control, today revealed the new “Klarna-fied” brand identity of Stocard, one of the world’s leading mobile wallet providers that enables consumers to gather all of their loyalty cards virtually in one single place and receive personalized offers.

06 April 2022

Company update/payments

Air Canada to offer buy now, pay later bookings with Visa Installments

As consumer interest in 'Buy Now, Pay Later' (BNPL) continues to grow, Visa announced today its intention to collaborate with Air Canada, the flag carrier and Canada's largest airline, to facilitate the offering of Visa Installment Solution to eligible credit cardholders, giving Canadian travelers more choice and flexibility over how they pay for their airline purchases.

05 April 2022

News/retail

BNPL firm FinAccel buys majority stake in Indonesian bank

Southeast Asian BNPL player FinAccel is moving into digital banking through the acquisition of a majority stake in Indonesia's PT Bank Bisnis Internasional.

05 April 2022

News/payments

Codebase launches white-label BNPL product

Banking API provider outfit Codebase Technologies has launched a white-label BNPL offering for banks, fintechs, lenders, and merchants.

04 April 2022

News/payments

Klarna plans to rival Big Tech with PriceRunner acquisition

Klarna plans to take on Amazon, Google and Facebook as a viable alternative market for online merchants following the completion of its $1 billion deal to acquire comparison shopping service PriceRunner

04 April 2022

News/retail

Zopa hits profitability ahead of planned move into BNPL market

Zopa bank has achieved a rare feat among UK challenger banks, hitting profitability for the first time just 21 months after acquiring its UK banking licencet.

04 April 2022

Company update/people

B2B BNPL player Mondu hires Klarna's Miyu Lee as chief legal counsel

Mondu, the Buy Now, Pay Later (BNPL) solution for online B2B checkouts, has announced the appointment of Miyu Lee as Chief Legal Officer and General Counsel.

04 April 2022

Company update/payments

BNPL has Americans confused - survey

Findings from a new survey on consumer sentiments and understanding around Buy Now, Pay Later (BNPL) illustrates that while BNPL is growing in popularity among consumers with 31% of consumers having used the service, there are still several misconceptions and a prevalent lack of understanding around how BNPL companies operate, compete with traditional credit card companies, and serve consumers.

31 March 2022

News/predictions

Apple looks to bring payment processing in-house - Bloomberg

Apple is working to bring a host of financial services work, including payments processing, in-house to reduce its reliance on outside fintech partners, according to Bloomberg.

31 March 2022

News/payments

Danish split payments startup Anyday raises €4m

Danish fintech Anyday has raised €4 million in seed funding to bring its split payments BNPL-style service to Scandinavia.

31 March 2022

News/payments

Pine Labs scores $50 million investment from Vitruvian Partners

Riding the BNPL wave, Mastercard-backed Indian merchant commerce platform Pine Labs has picked up a fresh $50 million in funding from London-based investment firm Vitruvian Partners.

30 March 2022

Company update/payments

Alliance Data rebrands as Bread Financial

Alliance Data (NYSE: ADS) today announced it will now be known as Bread Financial, a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions.

23 March 2022

News/payments

Banks invest in multi-lender BNPL platform ChargeAfter

Citi Ventures, Banco Bradesco and MUFG have joined a $44 million Series B funding round for multi-lender BNPL player ChargeAfter.

22 March 2022