With the holiday shopping season approaching, buy now, pay later (BNPL) company Zip has debuted the Zip Card, its latest installment payment offering. Issued by WebBank, the card extends Zip’s “pay-in-4” functionality offline with a physical card, the company said in a news release Tuesday...
At the start of the year, Matt Norton, Santander Bank North America’s head of point of sale lending, told PYMNTS that banks were increasingly eyeing opportunities in the buy now, pay later (BNPL) market. “Banks have an opportunity to be a major solutions provider in...
Mexican BNPL app Nelo has gotten a $100 million credit facility from Victory Park Capital, which will help it grow its business and cushion its loan book, according to a press release. Nelo CEO Kyle Miller has said the funding will help the company free...
Embedded payments and rewards platform Ionia, has rolled out a new buy now, pay later (BNPL) offering with Certegy to try and make a giant network for merchants who need the installment payment services for their own businesses, a press release said. Certegy works in...
Buy now pay later (BNPL) firm Sezzle signed a new $100 million credit facility with affiliates of Bastion Management, which will work as an administrative agent for the lenders. The new receivables funding facility replaces its prior facility with Goldman Sachs Bank USA and Bastion,...
Visa has launched a pair of collaborations designed to bring its “Installments” program to more cardholders to meet a growing demand among Canadian consumers for installment offerings. “With Installments enabled by Visa, consumers have the option to convert qualifying purchases into smaller, predictable installment payments...
Integrated financial services platform One Finance has announced that it is rolling out a new buy now, pay later (BNPL) product for the Egyptian market, according to an Oct. 16 press release. The company says it serves a range of different financing categories, including consumer...
With 42% of consumers poised to use BNPL for medicine and prescriptions and another 38% for education, Heidi Hillis from Fortuna Admissions tells PYMNTS how installment plans can reduce costs and discounting while also maintaining value for students.
Buy now, pay later (BNPL) services have matured significantly in the past several years, branching out from retail to encompass services of all types. Merchandise is not the only thing customers are looking to make more readily affordable through BNPL, however. Education, medicine, dentistry and...
