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Buy now pay later (BNPL) has grown rapidly over the past few years, reshaping how consumers think about credit. consumer spending, BNPL providers like Affirm, Afterpay, Klarna, and PayPal are creating a shift in expectations that financial institutions and merchants can no longer ignore. BNPL offers an alternative.
By 2028, the number of users of BNPL services (Buy Now, Pay Later) is predicted to double to 670 million, an explosive 107% growth compared to 2024. However, as the industry flourishes, so inevitably do the risks ranging from fraud to late payments. on an annual basis to reach US$560.1 billion in 2025. billion.
Fundiin , Vietnam’s leading Buy Now, Pay Later (BNPL) platform, has announced a strategic partnership with Visa to elevate its credit-scoring model to global standards. Founded in 2019, Fundiin was an early entrant into Vietnam’s BNPL sector, offering a fully automated and online payment solution.
Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered fraud detection, and the continued digitalisation of payment platforms. and Brazil.
23% of merchants offering BNPL see frequent usage, suggesting relatively high customer engagement compared to other emerging options. 40% of merchants believe fraud prevention will have the greatest future impact on their payment strategy, ahead of AI, BNPL, or crypto.
They serve larger enterprises and high-volume merchants who require custom processing solutions and high-level riskmanagement. Buy Now, Pay Later (BNPL) : BNPL options have gained traction as consumers look for flexible payment options. Nearly 30% of U.S.
Trending payments Interest in Buy Now Pay Later (BNPL) services remain strong and is no longer just for big-ticket items, with 16 per cent of UK consumers surveyed who use BNPL now using it for grocery shopping and 14 per cent for food delivery. Businesses need to adapt now to align with this accelerating shift in demand.
It simplifies compliance and riskmanagement by centralising sensitive data into a single, tightly controlled location. Even if a breach occurs, attackers get meaningless tokens rather than actionable payment credentials. Strategic Benefits Beyond Security The appeal of tokenisation goes beyond protecting against fraud.
For example, among banks that have implemented GenAI, 88% have seen improvements in riskmanagement and compliance, and 85% report time/cost savings. Indeed, 64% of finance leaders report using AI for fraud detection and riskmanagement in their institutions. These are significant positive outcomes.
Also, check for Buy-Now Pay-Later (BNPL) support for customers who may like to have flexible payment options. Other features and benefits of Payment Depot include: 24/7 risk monitoring – Payment Depot is proactive when it comes to riskmanagement. You can also dispute chargebacks from your account.
The move allowed Mondu and Lemonway to tailor payment processes for a B2B marketplace, as well as integrate the former’s BNPL services with Lemonway’s safe payment handling. A few months before this announcement, Mondu teamed up with Payin3 and Lemonway to improve its presence and B2B payment options in Europe.
BNPL provider Atome secures $75 million to support Philippines operations Singapore-based Buy Now, Pay Later fintech Atome has received an asset-back financing facility of $75 million. . “This financing reflects the continued confidence in Atome’s ability to deliver inclusive, risk-managed credit at scale.”
IPO Buy now, pay later (BNPL) player Klarna unveiled plans this quarter to operate more like a full-service digital bank. Feedzai acquires Demyst to enhance data orchestration Riskmanagement provider Feedzai announced in April that it is acquiring data-as-a-service (DaaS) platform Demyst.
Central and Southern Asia Indian B2B Software-as-a-Service (SaaS) company Perfios acquired financial crime detection and riskmanagement platform Claris5. Online payment and checkout solutions provider Montonio expanded its partnership with Inbank to bring BNPL and Hire Purchase options to customers in Latvia and Lithuania.
” Thoughtful governance and proactive riskmanagement Charles Nerko, team leader for data security litigation in Barclay Damon LLP There is a misconception that as AI learns from data, it will be impossible for it to make mistakes. .
UK buy now pay later (BNPL) regulation The UK’s fast-growing BNPL sector is now firmly on the path to FCA regulation following the laying of the draft statutory instrument in May 2025. The FCA will now undertake a 12-month rulemaking process to tailor disclosure, marketing, and conduct standards to the unique features of BNPL.
For payments firms, the intersection of payments and credit is becoming a competitive battleground, especially as BNPL and embedded lending scale. Fraud detection and riskmanagement are also evolving. Insurers now assess policyholders’ financial behaviouralongside payment patternsto adjust coverage dynamically.
This composability risk has been likened to a house of cards: great when it works, but one weak link (say a stablecoin depegging or a smart contract exploit) can affect many layered applications. Both worlds have had to learn that open innovation must be accompanied by robust riskmanagement.
Subscribe now Keywords: partnership , identity verification , digital onboarding , fraud management Categories: Fraud & Financial Crime Companies: Trulioo , Trust Payments Countries: World ::: add a comment This article is part of category Fraud & Financial Crime ::: more Trulioo | Trust Payments | Discover all the Company news on Trulioo and other (..)
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The firm has been expanding its BNPL services across Southeast Asia, targeting underbanked populations with short-term consumer credit products. Officials from Atome indicated that the Philippines presents considerable potential due to its growing digital economy and demand for alternative financing solutions.
Atome , the Southeast Asian buy now pay later (BNPL) provider, has secured a $75million asset-backed financing facility from Lending Ark , marking a major milestone in Atome’s aim to accelerate financial inclusion in the Philippines.
Insights from Milan Gauder 10:00 [Money2020] IXOPAY on payment orchestration: the essential infrastructure for global commerce in 2025 4 Jun [Video interview] Unified payments, unmatched potential: Buckaroo's next chapter with Silverflow 30 May [Video interview] Digital banking strategies for traditional banks – Tim Rutten, Backbase 29 May Beyond (..)
In this week’s edition of Finovate Global , we caught up with Maya Shabi, Senior Risk Strategist with EverC , a firm that provides tech-driven riskmanagement solutions for ecommerce companies. Other areas that are likely to receive regulatory scrutiny in 2025 in the EU are crypto and Buy Now Pay Later (BNPL).
Subscribe now Keywords: partnership , cross-border payments , cross-border ecommerce , financial services Categories: Payments & Commerce Companies: Post Office , Western Union Countries: United Kingdom ::: add a comment This article is part of category Payments & Commerce ::: more Post Office | Western Union | Discover all the Company news on Post (..)
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Subscribe now Keywords: digital banking , product upgrade , travel payments , financial services Categories: Payments & Commerce Companies: N26 Countries: Germany ::: add a comment This article is part of category Payments & Commerce ::: more N26 | Discover all the Company news on N26 and other articles related to N26 in The Paypers News, Reports, (..)
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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.
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.
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.
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.
The move comes at a time when Akulaku is also seeking to expand its services following the lifting of regulatory restrictions by Indonesia’s Financial Services Authority (OJK) on its buy now, pay later (BNPL) offerings earlier in the month.
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.
Attendees can expect to gain a clearer understanding of the realities of the BNPL industry, insights into the strategies BNPL providers employ to build trust, drive responsible growth, and navigate regulatory changes. Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO.
Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .
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