Great Britain is reportedly resurrecting plans to regulate buy now, pay later (BNPL) providers. It’s happening under the country’s new Labour leadership, CNBC reported Thursday (July 25), citing a government spokesperson. “Regulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the...
The end of the month is speeding toward the buy now, pay later (BNPL) industry — and with it, new rules and regulations regarding consumer disputes and new operational burdens in the drive toward compliance. The Consumer Financial Protection Bureau’s (CFPB) rule classifying BNPL as...
Chase told customers that it will stop allowing its credit cards to be used to pay for third-party buy now, pay later (BNPL) plans. The bank said in a customer’s credit statement viewed by PYMNTS: “Effective October 10, 2024, you will not be able to...
European financial service provider Mollie has partnered with buy now, pay later (BNPL) provider Riverty to offer a 30-day invoicing solution to Mollie customers. With this solution, Mollie customers in the Netherlands, Belgium, Germany and Austria can offer end users the option to pay later,...
With buy now, pay later (BNPL) plans becoming increasingly accepted across merchant sectors, retailers are proving to be the payment method’s biggest champion. A PYMNTS Intelligence report, “Merchants’ Evolving Perspective on the Value of Card-Linked Pay Later Plans,” created in collaboration with Splitit, drew from...
As buy now, pay later (BNPL) options become more common around the world, the Land Down Under is leading the charge by a considerable margin. By the Numbers On Wednesday (June 26), PYMNTS Intelligence released this year’s edition of the “How the World Does Digital”...
Buy now, pay later (BNPL) firm Sezzle has expanded Payments Streaks, a program that rewards users for consistently making timely payments, to Canada, with the exception of Quebec. This move follows the successful launch of the program in the United States in May, the company...
The Reserve Bank of Australia (RBA) plans to review the issue of surcharging in the buy now, pay later (BNPL) sector. This review comes as the RBA aims to expand its regulatory powers and assess whether payment sector reforms are necessary, SmartCompany reported Wednesday (June...
The Consumer Financial Protection Bureau — with the wind of the recent Supreme Court ruling at the agency’s back — has returned to rule-making. This time around, buy now, pay later (BNPL) firms are in the Bureau’s sights — but could it be a case...
