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BNPL Profitability Remains Elusive Despite Rising Adoption

Fintech News

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.

BNPL 104
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Finovate Global Mexico: Banorte’s Digital Bank, Amazon’s BNPL Partnership with Kueski Pay

Finovate

First up is news that Grupo Financiero Banorte has launched Mexico’s first fully digital bank, bineo. The new digital bank also offers financing products for bineo account holders. The bank also pledges competitive rates and instant access to funds once loans are approved. The company noted that it hopes to add 2.8

BNPL 59
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ClearScore Calls For Change as UK Lending Market Contracts for Higher-Risk Customers

The Fintech Times

The findings come from the latest ClearScore whitepaper, ‘ Building a non-prime lending market that delivers for UK consumers ‘, which uses EY analysis to show how access to credit has worsened in recent years. Since 2019, guarantor loans to sub-prime customers have declined 99.6

Risk 59
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8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

These companies, which represent countries such as Malaysia, the Philippines and South Korea, are tackling challenges in sectors such as lending, banking, and business finance, leveraging innovative business models and cutting-edge technologies to boost efficiency and enhance accessibility across the financial services industry. With a US$6.6

FinTech 114
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Generative AI in Payments: 4 Use Cases to Increase Revenue and Optimise Costs

Fintech News

OpenWay , a provider of digital payments technology to banks, processors, national payment switches, and mobile wallet operators, found that clients are recognising the benefits of AI. Gen AI can identify which government agencies or non-profits may be interested in this functionality and generate targeted proposals.

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Banking Data Monetization: Customer Demands, New Rules, and Revenue Prospects

Fintech News

Data monetization in the banking sector has become increasingly prevalent in recent years, driven by evolving customer expectations, new data sharing rules and opportunities for new revenue streams. Data monetization refers to the process of using data to obtain quantifiable economic benefit. This enhances the overall customer experience.

Rules 85
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Today In Payments Around The World: HungryPanda Lands $70M Million In Funding; Klarna To Provide Live Fashion Show

PYMNTS

BNPL Payments Provider Klarna To Offer Live Fashion Show. Non-Banks In Singapore To Get Access To Real-Time Payment Rails. PayNow and FAST let individuals move money between banks and eWallets. The company, which is headquartered in London, is a digital food delivery platform that serves the restaurant business.

eWallet 55