BNPL

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Klarna's Australian venture gets big boost from CBA

To help support and boost growth for Australian retailers, Klarna, a leading global payments and shopping service, and the Commonwealth Bank of Australia have announced zero Klarna merchant fees for the first six months for CBA merchants who integrate with Klarna online or in-store.

Scotiabank converts credit card repayments into BNPL instalment plans

/payments

Scotiabank converts credit card repayments into BNPL instalment plans

Canada's Scotiabank is converting credit card repayments into buy now, pay later plans, with the option to pay off debt in three, six or 12-month fixed instalment payments.

/payments

Klarna signs global deal with luxury label Yoox Net-A-Porter

YOOX NET-A-PORTER GROUP, the world leader in online luxury and fashion, has today announced an international partnership with Klarna, a leading global retail bank, payments and shopping service.

NAB to buy Citi's Australian consumer business for $1.2 billion

/payments

NAB to buy Citi's Australian consumer business for $1.2 billion

NAB is to buy Citigroup's Australian consumer operations for $1.2 billion in a deal that will double the lender's credit card business.

/people

Vyne appoints Luke Flomo from LayBuy as chief revenue officer

Vyne, the account-to-account payments provider for merchants, has today announced the appointment of Luke Flomo as its new Chief Revenue Officer.

Indonesian BNPL giant Kredivo to go public via Spac merger

/retail

Indonesian BNPL giant Kredivo to go public via Spac merger

The owner of Indonesian buy now, pay later platform Kredivo is set to go public in a $2.5 billion merger with a special purpose acquisition company sponsored by Victory Park Capital.

Square to acquire Afterpay for $29 billion

/payments

Square to acquire Afterpay for $29 billion

Square is to acquire Australian buy now, pay later firm Afterpay for $29 billion.

/payments

Klarna launches £3 million support package for UK SMEs

Klarna, the leading global retail bank, payments, and shopping service, has today launched a new £3m Small Business Support Package to help British SMEs recover from the pandemic.

/payments

Behalf scores $100 million in debt and equity for B2B BNPL

Behalf, Inc., a provider of In-Purchase Financing solutions for B2B sellers and buyers, today announced $19 million in new venture financing.

Visa rolls out BNPL APIs for clients

/payments

Visa rolls out BNPL APIs for clients

Visa is jumping into the BNPL market, rolling out APIs that let its clients offer instalment payment products.

Klarna shopping spree continues with acquisition of APPRL

/payments

Klarna shopping spree continues with acquisition of APPRL

Klarna has made its third acquisition in as many weeks, offloading more of its recent $639 million mega-raise on influence marketing provider APPRL.

/retail

Digital banking challenger Alif prepares for UK expansion

Alif has today announced plans to establish a presence in the UK in August.

Former Mollie and Klarna execs build BNPL platform for B2B purchasing

/startups

Former Mollie and Klarna execs build BNPL platform for B2B purchasing

Former Mollie and Klarna senior managers have developed Biller, an AI powered buy now, pay later service for B2B purchasing.

Coadec sets out vision for BNPL regulation

/regulation

Coadec sets out vision for BNPL regulation

As the Financial Conduct Authority gears up for a consultation on regulating the buy now, pay later market, the Coalition for a Digital Economy (Coadec) has set out its proposal for a "robust and proportionate" framework.

Klarna buys German shopping app Stocard

/payments

Klarna buys German shopping app Stocard

Flush from a recent $639 million mega-raise, BNPL giant Klarna has reportedly splashed €113 million on German discount shopping app Stocard.

London BNPL player Zilch extends Series B by $110 million

/payments

London BNPL player Zilch extends Series B by $110 million

London-based buy now, pay later lender Zilch has extended its Serie B round by a further $110 million in debt and equity, with backing from Goldman Sachs and the venture capital arm of UK newspaper Daily Mail.

/payments

Zip unveils new global brand

Buy Now Pay Later (BNPL) provider Zip.Co Limited (ASX: Z1P), has today announced a new unified purpose and brand identity across its global operations.

Sezzle launches new working capital platform for merchants

/payments

Sezzle launches new working capital platform for merchants

Buy now, pay later player Sezzle is rolling out a new business line that will see it provide qualifying merchant customers with same day funding of working capital up to $10 million.

/payments

Grab taps Adyen to extend BNPL offering across Southeast Asia

Grab, Southeast Asia’s leading super app, has deepened its partnership with Adyen (AMS: ADYEN), the payments platform of choice for many of the world’s leading companies, by enabling more merchants – starting in Singapore and Malaysia – to offer PayLater payment options to consumers, and address increasing consumer demand for deferred payment methods.

Afterpay launches money management app

/retail

Afterpay launches money management app

Australian buy now, pay later firm Afterpay is diversifying through the launch of a 'money and lifestyle' app.

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