Dubai tech company Toggle Market is debuting a financing program that will offer a buy now, pay later (BNPL) function for hotels and restaurants, a company press release said. “BNPL for business is vastly different to B2C BNPL,” said Fuad Sajdi, CEO of Toggle Market,...
Amazon Egypt is now offering buy now, pay later (BNPL) plans to qualified buyers through valU, the companies announced Sunday (July 3). FinTech valU serves the Middle East and North Africa (MENA) region and is a subsidiary of EFG Hermes Holding. According to the announcement,...
Buy now, pay later (BNPL) firm Klarna is preparing to raise new funds in a weak environment, a move that has reduced its valuation to roughly $6.5 billion, the Wall Street Journal reported Friday (July 1). That number represents a significant retreat for the company, which was valued at $45.6...
Australian buy now, pay later (BNPL) firm Openpay Group is pulling out of the U.S. after only a few months in the country, Reuters reported on Friday (July 1). While Openpay had called the U.S. its main growth market, rising interest rates, poor economic conditions...
Cairo-based FinTech Hollydesk announced on Thursday (June 30) a buy-now-pay-later (BNPL) option that lets its small business customers pay vendors over a 30-to-90 day period. Hollydesk’s main product is its system, which processes invoices and employee expenses. The company also analyzes expenses on behalf of...
Buy now, pay later (BNPL) is one of the most significant emerging trends in the world economy. These solutions typically allow customers to put zero dollars down at the point of purchase and instead pay for their merchandise over the course of several installments, made...
BNPL’s popularity is growing among older, more economically secure demographics. In this month’s "Buy Now, Pay Later Tracker," PYMNTS talked with Joy Elena, founder of online mattress retailer Sleepenvie, who explains why older consumers are drawn to the convenience of breaking up large payments online...
When the recession hits — and a recession is looking more and more like a matter of when, not if — spending on luxury retail will come to a screeching halt. Or maybe not. Buy now pay later, increasingly on the radar for, and being...
Buy now, pay later (BNPL) services are becoming popular in Australia, the United Kingdom, the United States and other countries around the world. BNPL usage varies significantly across different age groups, however. PYMNTS’ research found that 70% of U.S. millennials, 66% of bridge millennials and...
