Regulators worldwide are bearing down on BNPL providers over concerns about overspending, debt accumulation, and privacy invasion. Omri Flicker, chief legal and risk officer at Splitit, says those who already play by existing rules aren’t losing any sleep.
At first glance, Apple’s announcement of its Pay Later program, starting with select users before expanding in the coming months, seems to make little sense. After all, the FinTech-led buy now, pay later (BNPL) space hasn’t been exactly an overall money-printing endeavor. The popular consumer...
Buy now, pay later (BNPL) payments have exploded in popularity in the past several years, now with more than 360 million users worldwide. While BNPL offers no interest on payments made by the due date, users who fail to make payments on time can face...
Even as consumers cut back on spending, much-needed vacations may not need to be sacrificed. As the weather warms in the Northern Hemisphere and the end of the school year draws near, many consumers are considering summer escapes. After all, 2023 so far has already...
At a time when investors are increasingly risk averse, it is important that buy now, pay later (BNPL) firms — and FinTechs more generally — reevaluate their business strategies. Investors are prioritizing present profits over rapid growth, so companies need to pivot toward a model...
After years of easy money and rapid growth, the FinTech bubble burst in 2022 amid economic challenges. A new monthly report takes a deep dive into FinTechs’ sometimes painful pivot to profitability, starting with BNPL.
After a record-breaking year in 2021, the FinTech industry experienced a significant downturn in 2022. High inflation, market volatility and recession fears caused investors to shift their focus from companies’ growth potential to their current profitability; a metric many FinTechs struggle with. Consequently, once abundant...
Mondu has launched its B2B payment solutions in the United Kingdom. U.K. businesses can now use Mondu’s B2B buy now, pay later (BNPL) offering both within the country and in cross-selling with businesses in Germany, Austria, the Netherlands and France, Mondu said in a Wednesday...
Complications run rampant in B2B payments, with small businesses especially struggling to overcome payment delays, cash management challenges and a host of other issues. While large businesses can deploy tremendous resources and extensive accounts payable (AP) teams to brute-force their way through these obstacles, small-...
