The Fintech Times

DECEMBER 19, 2023

Buy now, pay later (BNPL) services have become significant in the realm of short-term unsecured consumer finance, often tied to specific products and offering instalment repayments, without accruing interest. The BNPL transaction involves three key players: the consumer, the merchant, and the BNPL service provider.

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BNPL Regulations Finance Consumer Protection 113

Fintech News

SEPTEMBER 29, 2024

BNPL fraud in Southeast Asia is seeing a rapid rise with fraudsters exploiting weaknesses in these platforms and developing sophisticated methods to deceive users for financial gain. In these BNPL fraud schemes, borrowers in need of cash agree to use their BNPL credit to pay bills for lenders, expecting a cash transfer minus a small fee.

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BNPL Scams Identity Theft Non-Bank 116

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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BNPL Consumer Fed 113

Payments Dive

OCTOBER 5, 2022

The Block-owned buy now-pay later provider is growing beyond its “pay in 4” plans by adding a financing option for pricier purchases.

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BNPL Blocks Finance 204

Fintech News

MARCH 18, 2024

The global flirtation with Buy Now Pay Later (BNPL) services seems to be coming undone, as new data on consumer payments unveils a significant drop in the appetite for this contentious credit payment approach. US BNPL users declined more in 2023 than the preceding years. US BNPL users declined more in 2023 than the preceding years.

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BNPL Void On-Demand Underwriting 110

Fintech Finance

DECEMBER 10, 2024

Trustfull , a leader in Identity Intelligence for fraud prevention, is proud to announce a strategic partnership with Scalapay , a premier European buy-now-pay-later (BNPL) provider. In 2023, the European BNPL market was valued at approximately $147.6 billion and is projected to reach $272.5 billion by 2029 ( Source ).

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Fraud Prevention BNPL Addressing Compromise 97

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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BNPL Consumer Payments 120

Payments Dive

DECEMBER 13, 2023

The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

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BNPL Payments 210

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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Central Bank BNPL Rules Procedures 104

Payments Dive

JULY 12, 2022

The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.”

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BNPL 183

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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BNPL Compliance Accreditation Consumer Protection 96

Payments Dive

JULY 29, 2024

In commenting on the proposal, the BNPL provider said consumers would be better served by rules specific to BNPL transactions, as opposed to credit card regulations.

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BNPL Rules Credit Cards Regulations 97

Fintech Finance

NOVEMBER 22, 2024

By offering interest-free BNPL, Lenovo is offering its customers one of the most innovative and fastest-growing payment methods today. Worldwide BNPL spending grew by 18 percent in 2023, according to a report by Worldpay. These guardrails clearly work as 99% of lending is repaid and 40% of orders are repaid early.

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BNPL Technology AI Credit Cards 94

Finextra

JUNE 10, 2024

Santander's buy now, pay later platform Zinia has been selected by Apple in Germany to provide BNPL installment plans for consumer purchases both online and in person.

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BNPL Payments Consumer 109

Fintech Finance

JUNE 19, 2024

This compares to 14% saying the same for Buy Now Pay Later (BNPL) and 7% for crypto. The post Open Banking Could Become a Mainstream Payment Method in 5 Years Time Surpassing BNPL, emerchantpay Research Finds appeared first on Fintech Finance.

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BNPL Research eWallet Payments 124

Fintech Finance

JUNE 13, 2024

Muse Finance , a leading financial technology company, is excited to announce the launch of musePay, its Buy Now, Pay Later (BNPL) integration with global small business platform, Xero. It provides them more ways to pay, as the BNPL service means they can create bespoke repayment plans that suit their business’ cashflow needs.

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BNPL Finance Risk Risk Management 97

Payments Dive

JANUARY 3, 2024

New York Gov. Kathy Hochul is seeking to require buy now, pay later providers to obtain a license to operate in the state, in addition to other potential regulations for the industry.

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Regulations BNPL 173

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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BNPL Adjustments Agreements Consumer 89

Payments Dive

JUNE 1, 2022

Buy now-pay later providers have made their financing services more available for everyday purchases, offering consumers a tool to deal with inflation.

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BNPL Finance Consumer 167

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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BNPL B2B Economy Regulations 87

Tearsheet

JULY 1, 2024

Priore shares his observations on Gen Z’s adoption of newer payment methods like buy now, pay later (BNPL) for smaller purchases. BNPL and younger generations What trends are you seeing in terms of Gen Z’s preferences and adoption of solutions like buy now, pay later (BNPL) for smaller ticket purchases?

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BNPL Online and Mobile Banking Encryption Payments 105

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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BNPL Consumer Research Financial Inclusion 94

Fintech Finance

SEPTEMBER 17, 2024

This partnership makes Capchase’s buy-now-pay-later (BNPL) solution available within Stripe. This marks Stripe’s first-ever B2B BNPL payment method offering in the U.S. The post Capchase Partners With Stripe as Their First B2B BNPL Payment Method for the US appeared first on FF News | Fintech Finance.

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BNPL B2B B2C Payments 95

Payments Dive

MARCH 10, 2022

Some consumers are charging buy now-pay later installment payments to their credit cards, and that should serve as a "warning flag" to regulators, said three economists who authored the research paper.

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BNPL Credit Cards Authorization Regulations 190

Fintech Finance

NOVEMBER 20, 2024

Afterpay , a leading Buy Now, Pay Later (BNPL), announced today its flexible payment functionality will be available for consumers checking out online through Google Pay at select merchants. The post Afterpay’s BNPL Now Available on Google Pay, Offering Shoppers Even More Choice and Flexibility appeared first on FF News | Fintech Finance.

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BNPL Checks Consumer Finance 98

Fintech News

MAY 13, 2024

Buy Now, Pay Later (BNPL) firm Atome has partnered with online shopping platform Taobao Singapore to introduce its payment option for local shoppers. The new BNPL payment feature is now available on the Taobao mobile app. Shoppers need an existing Atome account to use this payment method at checkout. Additionally, during the 6.18

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BNPL Cross-Border Payments Accounts 86

Payments Dive

SEPTEMBER 16, 2022

The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

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Rules CFPB BNPL Consumer 158

Payments Dive

JULY 3, 2024

The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?

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BNPL Rules Consumer 151

Payments Dive

JUNE 6, 2024

State lawmakers are negotiating three separate proposals related to the buy now, pay later industry ahead of the end of the legislative session on Thursday.

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BNPL 158

Payments Dive

JANUARY 10, 2023

FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

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Payments Trends FedNow Embedded Payments BNPL 200

Fintech Finance

DECEMBER 11, 2024

BNPL spending next week is expected to rise beyond last year’s mid-December spike, as Gen Z heads into Christmas with higher debt levels compared to 2023. Buying on credit or using a BNPL service is most effective when making large purchases, and its not really intended to be used for smaller purchases like holiday gifts.

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BNPL Credit Cards Financial Literacy Credit Union 98

Fintech Finance

NOVEMBER 26, 2024

With the festive shopping season upon us, new research 1 from credit reference agency Equifax UK reveals the number of Brits using Buy Now, Pay Later (BNPL) could have peaked, but average spend continues to grow and will be key for many this Christmas. What could future regulation mean for consumers?

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BNPL Regulations Consulting Consumer 96

Fintech Finance

JULY 23, 2024

Billie , the new standard for B2B payments and leading provider of Buy Now, Pay Later (BNPL) payment solutions for business customers is now available via Stripe. Billie’s B2B BNPL solution is the first of its kind available via Stripe in Europe. With Billie, business customers can make purchases and defer a payment for up to 30 days.

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BNPL B2B Credit Risk Risk 98

Fintech Finance

SEPTEMBER 24, 2024

Qist Bazaar , Pakistan’s leading Buy Now Pay Later (BNPL) fintech startup, announced today that it has secured US$3.2 This disciplined approach, combined with a growing customer base and a low delinquency rate, underscores Qist Bazaar’s potential to become a leading player in Pakistan’s BNPL market.

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BNPL Underserved Non-Bank Finance 104

Payments Dive

NOVEMBER 22, 2022

The buy now-pay later provider and the travel booking company are teaming up to allow consumers to spread out payments for flights and hotels.

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BNPL Consumer Payments 158

Payments Dive

MAY 6, 2024

The bank analyzed its BNPL user data and discovered low-income consumers are more likely to use installment payment services. It’s also popular among Gen X consumers.

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BNPL Consumer Payments 88

Payments Dive

OCTOBER 26, 2023

The legislative proposals emerged at a Wednesday hearing during which lawmakers queried witnesses on payments and fintech issues.

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BNPL FinTech Payments 166