Fintech News

APRIL 28, 2024

Abnk , Atome , Grab , and SeaMoney have been awarded the accredited Trustmark by the Singapore Fintech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group as of 19 April 2024. Introduced in October 2022, the BNPL Code of Conduct aims to mitigate risks of consumer over-indebtedness and ensure fair practices within the sector.

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Fintech News

APRIL 3, 2025

BNPL (Buy Now, Pay Later) burst onto the scene as a game-changer, transforming how consumers shop and pay over time. What started as a consumer-friendly alternative to traditional credit is becoming a more concrete financing solution in the digital payments ecosystem, particularly in emerging markets like BNPL regulation in Asia.

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BNPL Regulations Accreditation Consumer Protection 111

Fintech News

MARCH 3, 2024

ShopBack, a shopping and rewards platform, revealed that it will be discontinuing its Buy Now, Pay Later (BNPL) service effective from 22 March 2024 in Singapore and Malaysia. The ShopBack PayLater service was initially launched in July 2022 in both countries following the company’s acquisition of BNPL provider hoolah in November 2021.

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The Fintech Times

JANUARY 9, 2024

The strategic partnership integrates the Tamara Buy Now Pay Later ( BNPL ) service with the secure Paymob gateway to power seamless payments by enabling customers to split their payments in four without any hidden fees or interest. Paymob’s growth across the region is driven by its 2022 Series B funding which was led by PayPal Ventures.

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Fintech Finance

JULY 11, 2024

consumers have used Buy Now, Pay Later (BNPL) loans with 89% stating they are satisfied or very satisfied with the credit product. A new survey from TransUnion (NYSE: TRU) also revealed that 85% of BNPL users would recommend such loans to others. Millions of U.S. The research, conducted among 1,200 U.S.

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PYMNTS

NOVEMBER 2, 2020

It was those investments — particularly PayPal's recent expansion into cryptocurrency and buy now, pay later (BNPL) financing that were of particular interest to analysts when the Q&A segment of the earnings call. Schulman also touted the success of PayPal’s latest BNPL push in the U.S., France and the U.K.,

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The Paypers

JANUARY 26, 2022

Spain-based bank Santander has announced its in-house developed BNPL solution, Zinia, will be available across the bank’s markets starting in 2022.

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Payments Dive

DECEMBER 5, 2023

The growth rate in the number of shoppers downloading buy now, pay later apps shrunk for this year's Thanksgiving shopping weekend compared to 2022.

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The Fintech Times

MARCH 9, 2024

Around 2020, buy now, pay later (BNPL) solutions exploded in popularity, as an increasing number of shoppers across the globe turned to online shopping during a pandemic that caused a significant amount of financial uncertainty. It might not just be uncertainty that is impacting BNPL’s success.

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FICO

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. BNPL in Credit Reports: How Could This Data Impact FICO Scores?

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FICO

DECEMBER 15, 2021

In 2022 consumers will increasingly expect to be able to service all of their requirements, however complex, online. As economic activity rebounds, people are facing elevated levels of inflation with potential increases in interest rates forecast in early 2022, as well as higher energy prices.

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Clearly Payments

NOVEMBER 6, 2024

trillion 2022 $5.0 Buy Now, Pay Later (BNPL) : BNPL options have gained traction as consumers look for flexible payment options. consumers used BNPL services at least once in 2023, and this number is expected to grow as more merchants offer BNPL options. trillion 2019 $4.0 trillion 2020 $3.8 trillion 2021 $4.2

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Clearly Payments

FEBRUARY 27, 2025

The Buy Now, Pay Later (BNPL) trend is surging, with over 60 million Americans using BNPL services, particularly for electronics, fashion, and home goods. million Brazilians by late 2022. Consumers are embracing the convenience of online shopping, and businesses are rapidly expanding their digital presence to meet this demand.

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Fintech News

APRIL 24, 2025

Yubi became a unicorn in March 2022 after raising $137 million in Series B funding from Insight Partners, B Capital, and Dragoneer Investment Group. In 2022, Oxyzo became a fintech unicorn after raising $201 million in a Series A round, backed by Alpha Wave, Tiger Global, and Norwest Venture Partners. million in funding from MUFG.

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Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). billion to GDP.

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CB Insights

SEPTEMBER 7, 2022

Although overall fintech investment fell by 33% in Q2’22 , funding to BNPL companies has already reached $2.6B in 2022 — on pace to comfortably surpass 2021’s record-high of $4.3B. download the state of fintech Q2 2022 report. “Buy Now, Pay Later” is emerging as a bright spot for fintech funding.

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Fintech News

JANUARY 26, 2025

billion in 2022 to 96.2 The region’s embrace of digital wallets, real-time payments, BNPL services, cryptocurrencies, open banking, and advanced cybersecurity measures is creating a dynamic and interconnected financial ecosystem. Real-time payments are surging across Asia-Pacific , are expected to grow from 49.2 billion by 2027.

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Neopay

MAY 28, 2025

Over 10 million people who use Buy-Now, Pay-Later (BNPL) products will gain stronger rights and clearer protections under new rules – stopping unaffordable borrowing and helping families keep more of their money. Source : gov.uk

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Fintech News

SEPTEMBER 18, 2024

Similarly, companies like Klarna , a buy now, pay later (BNPL) leader, and Fiserv , a global fintech and payments company, employ AI to offer personalized shopping experiences, streamline payment processes, and enhance security. BNPL, in particular, has surged, rising from accounting for 1.6% of e-commerce payments in 2022 to 4.4%

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Fintech Finance

JULY 15, 2024

We are encouraged by the work the CFPB has done to better understand the BNPL industry. In their letter, AFC applauded the CFPB for their 2022 report on BNPL and for their continued engagement with industry leaders.

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The Fintech Times

JANUARY 4, 2024

Buy Now Pay Later (BNPL) services’ popularity has continued to grow over the last year. BNPL is a form of unregulated short-term financing which have become increasingly popular, despite the financial risks. Several banks including NatWest , Virgin Money , HSBC and Monzo have also all launched BNPL products.

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Finovate

MARCH 25, 2025

Gr4vy also gives Trek a no-code method of adding multiple payment options, including digital wallets, Buy Now, Pay Later (BNPL), and alternative payment methods. In 2022, the California-based company was awarded Top Emerging Fintech Company at the Finovate Awards.

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The Fintech Times

JULY 15, 2024

The American Fintech Council , the industry association representing responsible fintech companies and innovative banks, has welcomed new recommendations regarding buy now, pay later (BNPL) but warns that providers need more time to ensure compliance.

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PYMNTS

NOVEMBER 22, 2020

million towards its buy now, pay later (BNPL) model, a report says. trillion by 2022. Credit Key , which works in payments and lending, has raised $33.85 The company raised the newest funds from Greycroft, Bonfire Ventures and Loeb.nyc, alongside other, unnamed investors. While only $1.3

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The Fintech Times

MAY 22, 2024

The Consumer Financial Protection Bureau (CFPB), a US government agency responsible for protecting consumers in the financial sector, has ruled that buy now, pay later (BNPL) lenders must treat consumers as credit card providers do, ensuring they receive the same key protections. Will BNPL increase the consumer debt burden?

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The Fintech Times

JULY 29, 2024

UnaCash , an in-app and in-store financing solutions provider, expects the Philippines’ buy now, pay later (BNPL) market to contribute 6.7 The forecast comes after UnaCash compared the volume of the Philippines’ BNPL market from 2020 to 2023 to the growth rate of the Philippine digital economy during the same period.

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Fintech News

MARCH 19, 2024

This move comes on the heels of ShopBack’s decision to end its Buy Now, Pay Later (BNPL) service that takes effect this Friday (22 March 2024) in Singapore and Malaysia. The service was initially launched in July 2022 following its acquisition of BNPL provider hoolah in November 2021.

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Finextra

JANUARY 14, 2025

Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a credit record used BNPL loans in 2022, with most of those consumers having subprime or deep subprime credit scores.

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The Fintech Times

MARCH 24, 2025

In 2022, senangPay became part of DOKU , Indonesias payment gateway. Combined with our e-wallets, BNPL, FPX, and card payment solutions, this collaboration reinforces our mission to support local businesses with seamless digital transactions, Aaron Chin , CEO of senangPay, also added.

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CB Insights

MAY 19, 2022

in3 , a buy now, pay later (BNPL) startup, has raised $85M in a mix of debt and equity. q1 2022 brought a -18% decline in quarterly fintech funding. .</p> q1 2022 brought a -18% decline in quarterly fintech funding. The post European BNPL provider in3 raises $85M. Download the report to learn more.</p>

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The Fintech Times

JULY 12, 2024

Buy now pay later’s (BNPL) impact on the payments world continues to grow as research from TransUnion , the global information and insights firm, reveals that 50 per cent of Americans have used BNPL loans at least once, and 40 per cent of those who haven’t, are likely or very likely to use them in the future.

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The Fintech Times

APRIL 4, 2024

It has been able to achieve this following a partnership between Network International , the digital commerce enabler across the Middle East and Africa (MEA), and Souhoola , the fintech solutions provider, in turn enabling merchants to offer buy-now-pay-later (BNPL) payments at networkpay point of sale terminals.

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Finovate

DECEMBER 1, 2023

trillion AUD as of 2022. The survey showed that more than 40% of those in this cohort had used BNPL services in the past year. The survey, which had almost 1,000 participants, also noted an overall increase in the number of people using BNPL. This also includes mandating that BNPL companies conduct credit history checks.

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The Fintech Times

FEBRUARY 13, 2024

Having debunked some of the biggest myths surrounding buy now pay later (BNPL), we now turn our focus on the technology’s potential. We reached out to the industry and asked if it believed BNPL could overtake credit card usage as new technologies rise in popularity. Younger generations prefer BNPL.

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Fintech News

MAY 27, 2024

billion in losses in 2022, with global projections soaring to a potential US$95.9 Additionally, the APAC region is a frontrunner in adopting innovative payment methods like Buy Now, Pay Later (BNPL). According to a report by McKinsey, APAC accounted for nearly 40% of the global BNPL transaction volume in 2020. billion by 2027.

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Tearsheet

DECEMBER 4, 2024

The past five years have witnessed significant shifts: Covid-19, the rapid rise of Buy Now, Pay Later (BNPL) services, and a social media boom that has made the YOLO mindset more relatable for the younger generation. I think that BNPL pounces on the YOLO mentality for younger consumers,” says Britton.

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Finovate

JANUARY 2, 2024

Affirm has extended its partnership with Walmart to offer buy now, pay later (BNPL) tools at self-checkout stands. BNPL heavyweight Affirm ended 2023 announcing an expansion of a partnership with one of its major customers. BNPL heavyweight Affirm ended 2023 announcing an expansion of a partnership with one of its major customers.

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