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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Payment Gateways BNPL Gateways Alternative Payment Methods 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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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

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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BNPL Consumer Financial Protection Bureau (CFPB) CFPB Request for Comment 64

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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BNPL Credit Cards Consumer Financial Protection Bureau (CFPB) CFPB 64

Finovate

MARCH 20, 2024

Galileo has expanded its BNPL tool to allow banks and fintechs to offer cardholders post-purchase installment payment options. The new feature works with firms’ existing debit and credit programs and allows consumers to select up to five historical transactions to move into a BNPL payment plan. Curve, a U.K.-based

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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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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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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

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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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. Want the full post? First name. Company name. Phone number.

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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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BNPL Credit Cards Research Regulations 59

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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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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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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Fintech Finance

DECEMBER 13, 2023

Under the agreement , travelers can now pay for their car rental using Klarna ’s full range of flexible payment options, including interest – free Buy Now Pay Later ( BNPL ), when they book on over 70+ airlines and 250 + travel websites.

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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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APACS Stablecoins Alternative Payment Methods BNPL 64

Fintech Finance

SEPTEMBER 17, 2024

“We are empowering the Uzbek people by offering them unique online shopping services along with banking products such as BNPL, ” said Djasur Djumaev, CEO of Uzum. “We The post Uzum Partners With Mastercard to Boost Financial Literacy in Uzbekistan appeared first on FF News | Fintech Finance.

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Financial Literacy Visa Online and Mobile Banking BNPL 90

FICO

JUNE 22, 2022

6 Digital Transformation Trends Highlighted at FICO World 2022. From BNPL to automated decisions with a human face, digital transformation trends are changing the way businesses work. Wed, 06/22/2022 - 12:30. Innovation in digital transformation and emerging trends were firmly front-of-mind this year at FICO World 2022.

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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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Fintech Finance

APRIL 4, 2024

Using Souhoola’s BNPL option on networkpay POS devices, customers can conveniently split their payments into highly flexible instalments of up to 60 months to purchase electronics, furniture, automobiles, and even pay school fees. .” billion in 2022 to 6.1 billion by 2028.

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Financial Inclusion BNPL Digital Payments Facilitators 40

CB Insights

JUNE 2, 2022

Mondu , a B2B buy now, pay later (BNPL) platform, has raised $43M in a Series A. q1 2022 brought a -18% decline in quarterly fintech funding. .</p> q1 2022 brought a -18% decline in quarterly fintech funding. The round drew participation from Valar Ventures, Cherry Ventures, and FinTech Collective, among others. <span

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PYMNTS

NOVEMBER 2, 2020

million new merchant accounts — doubling its pre-coronavirus quarterly average merchant sign-on rate, CEO Dan Schulman told investors on the post-earnings conference call. Schulman also touted the success of PayPal’s latest BNPL push in the U.S., Additionally, PayPal reported signing on 1.5 France and the U.K.,

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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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Global Fintech & Digital Assets

DECEMBER 21, 2023

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. The OCC expects that banks engaged in BNPL lending “do so within a risk management system that is commensurate with associated risks.” By Arthur S.

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OCC BNPL Electronic Fund Transfer Act (EFTA) Federal Trade Commission 59

CB Insights

MAY 6, 2022

q1 2022 brought a -18% decline in quarterly fintech funding. .</p> q1 2022 brought a -18% decline in quarterly fintech funding. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “f5ac5e14-d854-4e7f-b21f-53e00d11648c” }); Want the full post?

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The Fintech Times

JUNE 22, 2024

Not even a year after its launch, Apple has removed itself from the buy now pay later (BNPL) space, as it has announced that its Apple Pay Later product will no longer be supported. According to Juniper Research , BNPL users are expected to reach 900 million worldwide by 2027. This would be serviced by Apple Financing.

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BNPL Finance Alternative Payment Methods Payment Gateways 72

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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APACS FinTech Data Breach Fraud Prevention 111

CB Insights

MAY 31, 2023

Leading into 2022, numerous fintech unicorns operating in areas like payment acceptance and BNPL saw their funding, employee headcount, and valuations skyrocket. Among these , BNPL provider Klarna and payments processor Stripe reached valuations of $45.6B Want the full post? and $95B, respectively, in 2021.

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BNPL Processors Payments Research 68

Fintech Finance

AUGUST 1, 2024

This growth has continued in BNPL (+56% YTD), corporate spend management (+74%) and B2C Retail (+28%) transactions. Success Story: A Growing Partnership with Zilch BNPL shows no signs of slowing. In February, Thredd noted an atypical early-year uptick in debit and prepaid transactions across several business verticals.

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BNPL FinTech B2C Payment Networks 93

Fintech Finance

JANUARY 8, 2024

The strategic partnership integrates Tamara’s Buy Now Pay Later (BNPL) service with Paymob’s secure 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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BNPL Alternative Payment Methods Gateways Agreements 52

Fintech News

SEPTEMBER 10, 2024

Their growing popularity has spurred continuous financial innovation, such as the rise of buy now, pay later (BNPL). In 2023, BNPL arrangements represented 4% of e-commerce transaction value, a significant increase from the mere 1% in 2020. billion grams of carbon emissions.

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Cross-Border Payments Cross-Border APACS Interoperability 107

Fintech Finance

AUGUST 8, 2024

Since the announcement of its Series A funding in 2022, Montonio has partnered with over 6,000 online stores in Poland, Germany, Lithuania, Latvia, Estonia, and Finland. The post Montonio Appoints Johan Nord as CEO appeared first on FF News | Fintech Finance. I look forward to working with our talented team to realise our ambitions.”

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BNPL Product Finance Payments 97

Fintech Finance

FEBRUARY 26, 2024

Overall, organic transaction growth for January 2024 vs. the same period in 2023 is up 18% while BNPL, Corporate Spend Managers and B2C Retail providers achieved even more significant increases. Specifically, BNPL providers on the Thredd platform saw a 58% increase in volume over January of 2023. New client activity is not included.

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Transactions BNPL B2C FinTech 52

The Fintech Times

SEPTEMBER 18, 2024

E-commerce on the rise in Uzbekistan “We are empowering the Uzbek people by offering them unique online shopping services along with banking products such as BNPL,” said Djasur Djumaev , CEO of Uzum. per cent in 2022. .” per cent in 2022.

Financial Literacy 59

Financial Literacy Visa Online and Mobile Banking BNPL 59

Fintech Review

JUNE 4, 2024

This projected explosion in digital payments translates into predictions that the country’s annual digital payments total, which sat at $46,7 billion in 2022, will reach or even surpass $98,4 billion by 2026. The post Uzbekistan: A Fintech Paradise? This isn’t just an impression, either. appeared first on Fintech Review.

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FinTech Financial Inclusion BNPL P2P 109

The Fintech Times

APRIL 10, 2024

Between 2022/23, there was a big question if these companies could get to profitability, and now we’re seeing it happen. “I believe fintechs will still have a difficult time fundraising in 2024, and will potentially have a slow recovery post 2025. “The business models have improved. “The second key point is growth.

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FinTech Consulting Due Diligence AI 116