Two EU FinTechs want to counter buy now, pay later with “pay now, finance later.” Enfuce, a Finnish card issuing company, and financial services firm Orka Ventures said Wednesday (Jan. 11) that they had teamed to launch Orka Card, a consumer lending card and mobile...
Buy now, pay later (BNPL) is a financing option that allows customers to purchase items and pay for them later, usually with no upfront payment or interest charges. Online retailers or other merchants typically offer this option as a way to make their products more...
Worldline and Splitit have signed a partnership agreement to deliver card-based BNPL payments. Once launched, merchants and marketplaces using Worldline’s payment system will be able to use the new solution to embed buy now, pay later (BNPL) options into their checkout flow using Splitit’s white...
Buy now, pay later (BNPL) company Sezzle wants to make it easier for college students. The company on Tuesday (Dec. 20) launched a partnership with the Independent College Bookstore Association (ICBA), a support group for college stores. “Today’s generation of college students is drowning in...
BNPL’s appeal for merchants lies in increasing basket size amid a pressured macro environment. Mastercard’s Chiro Aikat told Karen Webster that BNPL’s momentum has been underscored by SoFi’s rollout, announced earlier this month, of its BNPL product. SoFi is the first bank to launch within the...
Galileo Financial Technologies has unveiled a buy now, pay later solution for banks and FinTechs. The new tool lets financial institution enter the buy now, pay later (BNPL) market and provide more spending power to customers at a time when the industry is posed to...
To help keep vehicles rolling, BNPL firms offering auto repair financing are on the rise. As proof that the concept has wheels, U.K.-based buy now, pay later (BNPL) firm Bumper recently raised 26.1 million pounds in a Series A extension round to help fund the...
The FinTech Sunbit is looking to grow after receiving a $250 million investment. The $250 million debt facility comes as consumers are increasingly turning to new payment options such as buy now, pay later (BNPL). “Today it is clearer than ever that Americans require access...
Installment payments firm Splitit is expanding its relationship with the Google Store to new markets. Splitit and Google first teamed up last year to bring Splitit’s buy now, pay later (BNPL) offering to Google Store customers in Japan. Under the new agreement, Splitit will extend...
