Fintech News

DECEMBER 20, 2023

Buy now, pay later (BNPL) arrangements, a type of short-term financing that allows customers to make purchases and pay for them in monthly installments, are growing strongly around the world, picking up steam among both customers and merchants. million in 2023. million in 2023.

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Fintech News

MARCH 20, 2024

Indonesian technology conglomerate GoTo Group is preparing to launch a “buy now, pay later” (BNPL) service in partnership with TikTok, according to Tech in Asia. This development follows GoTo Financial, the group’s financial technology division, appointing David Chen as the Head of Consumer Lending and BNPL operations.

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Payments Dive

AUGUST 21, 2023

BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.

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Payments Dive

FEBRUARY 15, 2024

About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.

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Fintech News

MARCH 6, 2024

Indonesian e-commerce leader Bukalapak has phased out its buy now, pay later (BNPL) service, BukaCicilan, as of 29 February 2024. This decision reflects the broader challenges facing the BNPL sector, which has seen several service discontinuations and exits in recent times.

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The Fintech Times

DECEMBER 18, 2023

Buy now, pay later (BNPL) companies across the globe continue to grow – particularly in the build-up to the festive period, as consumers look to offset their costs. Under the new rules, the BNPL activity is defined as any type of financing that enables a consumer to purchase goods or services without a term cost payable by the consumer.

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Payments Dive

APRIL 12, 2024

BNPL users, who are having problems with overspending and missed payments, are tapping buy now, pay later services to spread out their cash flow.

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Finezza

MAY 8, 2024

The B2B BNPL (Buy Now Pay Later) trend has quickly caught up with Indian consumers, primarily driven by the need for convenience and seamless access to credit. A barrage of BNPL startups has entered the Indian […] The post 5 Ways B2B BNPL Benefits Lenders and What Lies Road Ahead appeared first on Finezza Blog.

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Finextra

MAY 15, 2024

Mexican BNPL platform Aplazo has raised $70 million in equity financing, including a $45 million Series B.

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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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Fintech News

APRIL 23, 2024

This collaboration aims to integrate Funding Societies’ financing capabilities into SGeBIZ’s EzyProcure platform through a “Buy Now, Pay Later” (BNPL) feature.

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Clearly Payments

FEBRUARY 3, 2024

One solution that has gained traction is Buy-Now-Pay-Later (BNPL). BNPL services allow consumers to make purchases and defer payment, often breaking it down into smaller, more manageable installments. How BNPL Works for Merchants BNPL services enable consumers to make purchases without paying the full amount upfront.

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Payments Dive

NOVEMBER 29, 2023

The Black Friday through Cyber Monday shopping weekend was a boon for BNPL providers and payments companies such as Stripe and Square.

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Fintech News

MARCH 4, 2024

Indonesia’s Financial Services Authority (OJK) has lifted restrictions on the buy now, pay later (BNPL) service offered by fintech firm Akulaku , according to a statement from the company to Tech in Asia. Established in 2014, Akulaku has a presence that extends beyond Indonesia to Malaysia, the Philippines, and Vietnam.

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The Fintech Times

FEBRUARY 7, 2024

Now, The Fintech Times turns its attention to the perception of BNPL and, more specifically, the various myths surrounding the space and how providers are busting them. “One myth which has been busted in the past few years is that users of BNPL pose a high credit risk. “How do we reduce that risk?

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Payments Dive

JANUARY 4, 2024

BNPL usage hit an all-time high during the season, with Cyber Monday as the largest day on record for the payment method, according to Adobe.

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Payments Dive

SEPTEMBER 26, 2023

Consumers using BNPL have lower credit scores, have been delinquent on a loan or have been rejected for a credit application over the past year, New York Fed researchers said.

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The Fintech Times

APRIL 20, 2024

Another buy now pay later (BNPL) firm has decided to call it a day as Laybuy has put itself up for sale. There have been various reports about the struggles of BNPL firms as regulations tighten, so we reached out to the industry to uncover what is needed for firms to survive. Laybuy is not the first BNPL whose value has taken a dive.

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Payments Dive

JULY 20, 2022

“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will.”

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The Fintech Times

MARCH 21, 2024

Galileo Financial Technologies , a fintech firm owned by SoFi Technologies , is expanding its Buy Now, Pay Later (BNPL) offering that enables banks and fintechs to offer cardholders new post-purchase instalment payment options via their existing debit or credit card account.

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Payments Dive

MAY 3, 2022

As a result, their expenses are rising at a much faster rate than their revenue, meaning most of the major players are posting losses despite the BNPL mania.

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Payments Dive

MARCH 27, 2023

The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework.

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Finextra

APRIL 24, 2024

At NextGen Nordics 2024 in Stockholm, experts engaged in a lively conversation on Buy Now Pay Later (BNPL) in a panel session.

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Payments Dive

JULY 17, 2023

total BNPL app downloads for the second quarter fell 19% compared to the year-ago period, Bank of America Securities analysts said. In the U.S.,

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The Fintech Times

FEBRUARY 15, 2024

Buy now pay later (BNPL) has certainly taken the paytech world by storm. While the general answer was “no it is unlikely”, some experts suggested that should BNPL’s growth maintain its current trajectory, then it could be possible. This can only be done if the BNPL hype remains – but is it already over?

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The Fintech Times

MAY 1, 2024

Through this partnership, Payl8r is enabling PassMeFast learners to use buy now pay later (BNPL) as a finance option when it comes to paying for their lessons. BNPL fighting against media backlash This comes at a time when the BNPL market is under increasing scrutiny. It is also one of few short-term lenders using open banking.

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Payments Dive

JUNE 1, 2023

The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout.

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Payments Dive

FEBRUARY 29, 2024

The development may spur rival BNPL providers to follow suit, according to Ed deHaan, a professor at the Stanford Graduate School of Business.

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The Paypers

MAY 16, 2024

Mexico-based commerce and BNPL fintech platform Aplazo has secured USD 70 million to further develop its product offering with AI to better understand customer behaviour.

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The Fintech Times

FEBRUARY 15, 2024

While buy now, pay later (BNPL) has enjoyed significant growth in recent years, an air of uncertainty remains around the space – whether that be due to a degree of untrust (seen by some as a debt trap ) or because of increased regulatory pressures being placed on the space. To find out more, we reached out to some industry experts.

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Fintech Finance

APRIL 11, 2024

Reporting record results for the fiscal year 2022/2023, Viabill has perfected a “unique recipe” and thus value proposition for other European BNPLs seeking a platform for profitability in a post-ZIRP era, says group CEO, vowing to enter consolidation mode and scout for possible acquisitions as the Danish BNPL-leader nears its 15th operational year.

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Payments Dive

JUNE 27, 2023

It’s all a test of BNPL’s long-term footing. The buy now, pay later trend faces a starkly different environment than the one in which it gained traction. Regulation looms, the economy has worsened and investors are demanding profits.

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The Fintech Times

MARCH 1, 2024

Buy now pay later (BNPL) offering easy account review, security and reasonableness of terms are among the top reasons for customer satisfaction finds J.D. Satisfaction Study’ BNPL has had a myth follow it since its inception that it is a gateway to debt. Power ‘2024 U.S

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The Fintech Times

MAY 8, 2024

On this week’s episode of News & Views, The Fintech Times Podcast team discuss how BNPL has made learning to drive more affordable for people across the UK; Norfolk’s flourishing fintech sector; and China’s efforts to lead the way towards a completely cashless future.

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Payments Dive

JUNE 7, 2023

“As the CFPB prepares to release new regulatory guidance on BNPL providers, it is important that any new regulations do not stifle the industry's growth and limit its availability,” writes one checkout services CEO.

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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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TechCrunch Fintech

NOVEMBER 11, 2023

There is a growing group of startups looking to expand the BNPL model into other categories. © 2023 TechCrunch. All rights reserved. For personal use only.

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