article thumbnail

Uzum Partners With Mastercard to Boost Financial Literacy in Uzbekistan

Fintech Finance

Uzum , the leading fintech and e-commerce ecosystem in Uzbekistan, has partnered with Mastercard on an education project to improve financial literacy in Central Asia’s most populous country. The post Uzum Partners With Mastercard to Boost Financial Literacy in Uzbekistan appeared first on FF News | Fintech Finance.

article thumbnail

Gen Z Will Reach Record-High Usage of Buy Now, Pay Later (BNPL) Services This December, According to New Report

Fintech Finance

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.

BNPL 93
article thumbnail

Uzum Launches New Education Initiative With Mastercard to Improve Financial Literacy in Uzbekistan

The Fintech Times

Uzum , the fintech and e-commerce ecosystem in Uzbekistan, is joining forces with payments giant Mastercard to launch a new education project to improve financial literacy across the country. We believe these courses will be an important step toward improving financial literacy and building trust in digital payments.”

article thumbnail

A Merchant Guide For Buy-Now-Pay-Later (BNPL) Payments

Clearly Payments

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.

BNPL 79
article thumbnail

Gen Z, BNPL, and the fine line between financial freedom and pitfalls

Tearsheet

The past five years have witnessed significant shifts: Covid-19, the rapid rise of Buy Now, Pay Later (BNPL) services, and a social media boom that has made the YOLO mindset more relatable for the younger generation. I think that BNPL pounces on the YOLO mentality for younger consumers,” says Britton.

BNPL 52
article thumbnail

BNPL Could Reach 670 Million Users by 2028: Will Any Firms Still be Around to Prosper?

The Fintech Times

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.

BNPL 72
article thumbnail

Is Vietnam Undergoing a Cashless Revolution?

Fintech News

For example, buy now, pay later (BNPL) transactions surged 113% in 2023, reaching US$2.34 The National Financial Inclusion Strategy, launched by the SBV in 2020, aims to increase the proportion of adults with access to formal financial services to 80% by 2025, expand the usage of digital financial services and promote financial literacy.