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Tag: BNPL


Banking Tech, Digital Lending and Credit

BNPL Impacting Credit Scores Would Result in Massive Uptake Reveals TransUnion

July 12, 2024

Via: The Fintech Times

The research, conducted among 1,200 US consumers in the second quarter of 2024, explored the general usage and behaviour of consumers around BNPL loans. Buy now pay later is an instalment loan established at the point-of-sale for the purpose of financing a […]


InsurTech, Invest tech

Basis taps TruStage to offer BNPL solutions for dental care

May 15, 2024

Via: ThePaypers

At Basis, their mission is to make dental care affordable and stress-free for patients. Partnering with TruStage allows them to enhance their financing options by adding a layer of insurance protection that ensures patients can access the care they need […]


Paytech, Retail

BNPL Could Reach 670 Million Users by 2028: Will Any Firms Still be Around to Prosper?

April 20, 2024

Via: The Fintech Times

Laybuy is not the first BNPL whose value has taken a dive. In Q1’23, the Australia-based BNPL Openpay announced it was going into receivership following an all-time high total transaction volume. Additionally, in Q4’23, ZestMoney, the Bengaluru-based BNPL also announced […]


Banking Tech, Digital Lending and Credit

‘Transformative’ or ‘Tough’: What Sort of Year Will BNPL Have in 2024?

February 15, 2024

Via: The Fintech Times

With this in mind, it can be difficult to predict what kind of year BNPL is likely to have in 2024. To find out more, we reached out to some industry experts. BNPL trajectory ‘still points upward’ Barbara Vega, payments […]


Banking Tech, LendTech

BNPL firm Billink fuels European expansion plans with $32m funding from Varengold Bank

January 23, 2024

Via: FinTech Futures

The Gouda-headquartered payments provider says it will apply the funding to further the uptake of its BNPL solution among web-based sellers in the Netherlands, Luxembourg and Belgium, as well as lay the groundwork for its eventual entry into the neighbouring […]


Banking Tech, Mobile Banking

AI, BNPL and CBDCs: The industry’s fintech predictions for 2024

December 12, 2023

Via: FinTech Futures

2023 was a defining year for artificial intelligence, in particular generative AI (GenAI), which experienced a huge surge in popularity following the launch of ChatGPT in late 2022. As we move into 2024, Capgemini predicts AI will become “deeply rooted” […]


Banking Tech, Digital Lending and Credit

The opportunity for banks to bring BNPL to small, medium-sized enterprises

December 6, 2023

Via: Fintech News

According to the U.S. Small Business Association, small businesses make up 99.9% of the nation’s business landscape. With such a large pool, one would expect that seamless access to financial services would be fairly easy to come by. But that […]


Banking Tech, Digital Lending and Credit

Beyond a BNPL: Klarna Expands Growth Tools For UK, US and Swedish Businesses

November 13, 2023

Via: The Fintech Times

Specifically, Klarna is expanding its self-service advertising platform, ‘Ads Manager’, in the UK and Sweden. This will enable better engagement between retailers and high-intent shoppers. Then across the pond, Klarna has made ‘Creator Shops’ live in the US, in turn […]


Mobile payments, Paytech

Amazon adds BNPL to its Amazon Business platform through Affirm partnership

November 3, 2023

Via: FinTech Futures

Amazon Business, a B2B e-commerce procurement platform, will now provide its sole proprietor business customers the option to select Affirm at checkout to pay for eligible goods over time. The platform says that it plans to make the payment option […]


Mobile payments, Paytech

BNPL fintech Tabby lands $200m Series D at $1.5bn valuation ahead of planned IPO

November 1, 2023

Via: FinTech Futures

The equity funding round also saw participation from Bluepool Capital, and existing investors STV, Mubadala Investment Capital, PayPal Ventures and Arbor Ventures. Following the fresh fundraise, Tabby claims it has become the region’s first fintech unicorn, ahead of its planned […]


Banking Tech, Digital Lending and Credit

Upgrade acquires travel-focused BNPL startup Uplift for a song

July 27, 2023

Via: TechCrunch

Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift […]


Banking Tech, LendTech

Consumer finance firm JIVF taps OpenWay for credit products platform

March 16, 2023

Via: FinTech Futures

OpenWay describes its Way4 offering as an end-to-end solution comprising an online core, account and events management, dynamic pricing, automated workflows, card issuing and wallet management, merchant management, omni-channel, authorisation and settlement, and APIs. The migration to the new platform […]


Banking Tech, Digital Lending and Credit

Buy now, worry about it later: the future of BNPL

February 22, 2023

Via: FinTech Futures

BNPL offers a lifeline for some and flexibility for others, and there is an argument that it broadens financial inclusion. Research conducted by Divido in February 2023 suggests that almost three fifths of British consumers (58%) believe point-of-sale (POS) financing […]


Banking Tech, Digital Lending and Credit

What’s Next For BNPL? Industry Reacts to Openpay Receivership

February 9, 2023

Via: The Fintech Times

Openpay announced a new quarterly record in Q2 of FY2023, growing its revenue to A$10.1million. This was in addition to the total transaction volume (TTV) growing by almost 50 per cent to A$126million, in comparison to the previous 12 months. […]


Banking Tech, Digital Lending and Credit

Aussie BNPL fintech Openpay enters receivership

February 7, 2023

Via: FinTech Futures

In an announcement to the Australian Stock Exchange (ASX), the firm says it will “work closely with Openpay’s employees, merchants and customers to urgently determine the appropriate strategy for the business”. It adds customers are currently no longer able to […]


Paytech, Retail

Frasers Group rolls out new Buy Now, Pay Later app

January 31, 2023

Via: ThePaypers

UK-based retail company Frasers Group has launched a Buy Now, Pay Later (BNPL) scheme, Frasers Plus, for customers when they purchase products. The new Frasers Plus service will cover items purchased from the group’s brands, including House of Fraser, Missguided, […]


Banking Tech, Digital Lending and Credit

Buy Now Pay Later Platform Market Size is Expected to Reach ~US$ 70.9 Bn by 2033, Growing at a CAGR of 22.8% for 2023 – 33

January 19, 2023

Via: Fintech News

The Buy now pays later platform market is predicted to increase at a CAGR of 22.8% from 2023 to 2033, from US$ 9.1 billion in 2023 to US$ 70.9 billion in 2033. E-commerce Market Offers Consumer Diverse BNPL Options Customers […]


Paytech, Wholesale

What Does 2023 Have in Store for the APAC Payments Ecosystem?

January 13, 2023

Via: The Fintech Times

As one of the fastest-paced regions for innovation, transactions have continuously evolved in APAC, and here deriving figures originally correlated by Singapore news sources, we unpack what the future of the region’s payments might look like. Asia’s BNPL boom The […]


Banking Tech, Digital Lending and Credit

Orka Card Challenges Traditional BNPL Lending Following Enfuce Partnership

January 12, 2023

Via: The Fintech Times

Until now, Orka Ventures has focused mainly on providing web-based consumer loans. However, with changing consumer demand for more agile service delivery and Orka Ventures’ evolution into a neobank, it will now leverage agile modular processing and compliance capabilities from […]


Banking Tech, PayTech

The Payments Innovation Jury: “Payment Innovation: myths and realities”

October 4, 2022

Via: Fintech News

The Payments Innovation Jury today releases its 2022 global report titled: “Payment Innovation: Myths and Realities”, which reveals some surprising insights from senior decision makers across the industry. The 2022 report explores several key areas where payment innovation is currently […]