Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made Tabby the first FinTech unicorn in the region, the firm said in a Wednesday (Nov....
England’s cost-of-living crisis has fueled a surge in buy now, pay later (BNPL) use. New research by the country’s Financial Conduct Authority (FCA) shows a 10% increase in use of the installment payment plan, the watchdog announced Tuesday (Oct. 31). With that in mind, the FCA says it has...
This month, PYMNTS’ Provider Ranking of Buy Now, Pay Later apps remains consistent. Klarna holds the top spot, but Affirm is inching closer, gaining points along the way. The Top 5 Klarna holds the No. 1 ranking with a score of 93, the same as...
Swedish payments firm Klarna is facing a possible strike by employees in its home country. The Unionen and Swedish Engineering unions announced Thursday (Oct. 26) that the strike will commence on Nov. 7 if a collective bargaining accord is not reached. Negotiations have been underway since March, with both...
Stere Pay unveiled its buy now, pay later (BNPL) gateway for the insurance industry. The initiative aims to address the upfront financial burden often faced by policyholders by enabling insurers and distribution partners to offer flexible financing options for premium payments, the FinTech company said...
Kimberly Clark introduced Kleenex in 1924 as a product used by movie stars instead of face cloths to remove their makeup and keep their skin soft. The key selling point was that the tissues could be discarded after each use, saving women lots of laundry...
As the holiday season and festivities draw near, consumers, particularly those living paycheck to paycheck, are bracing themselves for the added financial stress that accompanies this time of year. As noted in “New Reality Check: The Paycheck-to-Paycheck Report — The Seasonal Financial Distress Deep Dive...
Afterpay added a rewards program to its buy now, pay later (BNPL) offering. The program is happening via a partnership with the Nift Network and allows Afterpay shoppers to discover and try products and services through the Nift gift network, according to a Thursday (Oct. 19, press release. The partnership...
The world of retail payments and lending is undergoing a significant transformation with the rise of buy now, pay later (BNPL) services. As noted in a recent study by PYMNTS Intelligence, one of the key appeals of BNPL is its ability to provide financial flexibility and...