Payments Dive

NOVEMBER 20, 2023

Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.

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BNPL Regulations 158

Finextra

MARCH 7, 2024

British bank NatWest is killing off its buy now, pay later (BNPL) service less than two years after launch.

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BNPL 119

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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BNPL Consumer Risk Regulations 148

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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BNPL Consumer Financial Protection Bureau (CFPB) Settlement Non-Bank 101

Finextra

OCTOBER 28, 2024

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today unveiled its Marqeta Flex solution at Money20/20, an innovative new solution that revolutionizes the way BNPL payment options can be delivered inside payment apps and wallets, surfacing them at the moment of need within (..)

BNPL 52

BNPL Embedded Finance Innovation Finance 52

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 105

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 Economy 123

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

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.

BNPL 148

BNPL Consumer Fed 148

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

Finextra

JULY 17, 2024

Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans.

Credit Cards 129

Credit Cards BNPL Payments 129

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.

BNPL 101

BNPL Origination Authorization Finance 101

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.

BNPL 104

BNPL Adjustments Agreements Consumer 104

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 90

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

BNPL 101

BNPL Cross-Border Payments Accounts 101

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

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

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 94

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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BNPL Payments 88

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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BNPL FinTech Payments 158

Finovate

SEPTEMBER 25, 2024

Xero and Klarna have partnered to allow small businesses to offer buy now, pay later (BNPL) options at checkout, giving consumers more flexible payment choices. Under the partnership, Xero’s small business clients will have access to BNPL capabilities that may help boost revenue and enable more large-ticket sales.

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BNPL Small Business Payments Credit Cards 59

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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BNPL Risk Management Risk Push-to-Card 72

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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BNPL Finance Posting Consumer 167

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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Fed BNPL Research Consumer 97

Fintech Finance

OCTOBER 9, 2024

Buy now, pay later (BNPL) booms as shoppers turn to flexible payments BNPL payments experienced a remarkable surge as shoppers turned to more flexible payment methods to spread their spending and manage their budgets. In H1 2024, global BNPL transactions skyrocketed by an astounding 237%, nearly tripling in volume.

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BNPL Volume AI Alternative Payment Methods 98

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

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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BNPL Payments 78

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 85

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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BNPL Payments 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

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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BNPL Payments Mitigation Best Practices 75

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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BNPL Credit Risk Risk Assessments 116

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.

BNPL 90

BNPL Non-Bank Risk Management Credit Cards 90

Bank Automation

JUNE 4, 2024

The rule, published May 22 to take effect 60 days later, “makes the model more sustainable because [BNPL] has been around for a long time, it has […] The new Consumer Financial Protection Bureau rule putting buy now, pay later providers in the same category as credit card issuers can fuel the industry’s growth, experts say.

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BNPL Rules Card Issuer Credit Cards 80

Finextra

SEPTEMBER 23, 2024

Qist Bazaar, Pakistan’s leading Buy Now Pay Later (BNPL) fintech startup, announced today that it has secured US$3.2 million in its Series A funding round.

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BNPL FinTech Security 52

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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BNPL Security 78

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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BNPL 97