Revolut is piloting a buy now, pay later (BNPL) product in Ireland for its 1.9 million customers there, with plans to launch the installment credit service in Poland and Romania later this year. The new offering is prompting users to pay off balances within two...
Singapore buy now, pay later (BNPL) integration platform Optty has said its services will now include the offerings of Pace, a Singapore FinTech, a press release said Wednesday (June 22). The release said Pace acquired Rely, another BNPL platform, earlier this year. Rely was part...
The U.K. government announced on Monday, June 20, plans to tighten rules on the Buy Now, Pay Later (BNPL) sector aimed at protecting users — but new rules aren’t likely to be in place until mid-2023. The new rules will require BNPL providers to carry...
Klarna will be looking into raising more funds at a significantly lower value than it got last year, which shows how dire the environment is right now for tech funds, The Wall Street Journal (WSJ) writes. The company’s new talks could result in a deal...
The Consumer Financial Protection Bureau (CFPB) published a blog post on Wednesday, June 15, indicating that Buy Now, Pay Later (BNPL) lenders and Nationwide Consumer Reporting Companies (NCRCs) may need to work more closely together to standardize BNPL payment data to ensure adequate credit reports. ...
The buy now, pay later (BNPL) space is relatively young. And a greenfield opportunity would, seemingly, invite a broad range of players, large and small, spanning digital-only firms to traditional banks. But there’s growing evidence that the market’s competitive landscape is narrowing: Experience matters, as...
Affirm has an edge over competitors in the buy now, pay later space (BNPL), and its data analysis approach is key to the company’s successful underwriting process, CFO Michael Linford said in an online fireside chat. The webcast for shareholders addressed a cross-section of questions...
Buy now, pay later (BNPL) made up only about 2% of all global payments toward the end of 2021, but its sales volume is on track to double, exceeding $181 billion this year. As adoption surges, with vendors such as Klarna, Affirm, Splitit and Afterpay reporting...
Rare Carat’s Apeksha Kothari explains how transparent BNPL options are helping merchants gain and retain new and repeat customers for the long haul in PYMNTS' "Buy Now, Pay Later Tracker."
