Alternative Credit

Alternative Credit
Klarna Chief Claims Six Million New Customers Per Year
December 12, 2019

The CEO of online split payments company Klarna, Sebastian Siemiatkowski, gave a lengthy interview to a news outlet about the future of the company and where he plans to take it. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Why P2P Could Soon Play A Leading Role In Middle East FinTech
December 11, 2019

When it comes to lending — to say nothing of the wider world of payments — innovation and disruption have been on the rise in recent years thanks to digital and mobile technology, along with online marketplace models. That doesn’t mean it’s been easy. So-called...

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India’s Rapid But Rocky Transition Into Digital Financial Services
December 05, 2019

While much of the world is profoundly different at the end of this decade than at the beginning, there are few places on the planet where that difference is more pronounced than in India — particularly when it comes to financial services. At the start...

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Afterpay CEO: How Alt Payments Are Altering Black Friday Spend
November 29, 2019

Shoppers looking for something a little unusual this holiday season when they head out on Black Friday will have no shortage of interesting options. Christmas tree not smart enough? Amazon has an Alexa-enabled solution for that. Need an advent calendar, but not into eating chocolate of questionable quality? Tiffany...

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More Regulatory Trouble Could Be Heading Short-Term Lenders’ Way
November 19, 2019

Keeping track of the legal status of short-term lending in the U.S. – which encompasses financial products such as payday loans, pawn loans and title loans – has become something of a game of “follow the bouncing ball” over the last few years. At the state...

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OYO: Why Credit Could Be Key To US Expansion
October 25, 2019

India-based hotel and booking startup OYO has been on a tear lately, landing $1.5 billion in new funding, expanding to new markets and getting into new areas — most recently, coworking spaces. Now, the fast-growing operation is tapping into one of the growing trends in payments...

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Why Migrant Workers Need Their Own Financial Services
October 08, 2019

According to the Bureau of Labor statistics, as of 2018 (the last full year for which data is available), there were 28.2 million foreign-born persons in the U.S. labor force – representing roughly 17 percent of the total number. Foreign workers in the U.S. come from all...

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Payday Lending Laws Drive Traffic To Pawn Shops
October 04, 2019

While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. By definition, a pawnbroker offers loans on items that are not accepted as collateral by traditional banks or lenders. Items that typically...

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PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases
September 18, 2019

Consumers now have a range of promotional financing deals to choose from the online payments system PayPal that provides zero-interest installment loans to cover the price of their purchase. The terms vary — though they usually range from 6 to 12 months — but all...