BNPL

BNPL
Revolut Pilots BNPL Product in Ireland
June 24, 2022

Revolut is piloting a buy now, pay later (BNPL) product in Ireland for its 1.9 million customers there, with plans to launch the installment credit service in Poland and Romania later this year. Get the Full Story Complete the form to unlock this article and...

BNPL
Dutch Payments Association GM Says ‘Positive Friction’ Will Protect BNPL Users
June 24, 2022

For an industry that’s typically laser-focused on frictionless services, it’s rare to hear calls for any sort of friction — let alone that it’s good for consumers who increasingly desire faster, more convenient and seamless services. Get the Full Story Complete the form to unlock...

BNPL
Klarna Lashes Outs at Barclays BNPL Research
June 23, 2022

Klarna is disputing new research into the buy now, pay later (BNPL) industry published by Barclays with debt charity StepChange that warns of the many people who could fall into financial peril due to unregulated financial products.  Get the Full Story Complete the form to...

BNPL
BNPL Platform Optty Adds Singapore FinTech Pace to Network
June 22, 2022

Singapore buy now, pay later (BNPL) integration platform Optty has said its services will now include the offerings of Pace, a Singapore FinTech, a press release said Wednesday (June 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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BNPL Provider Zip Plans Fee Hikes to Offset Inflation, Interest Rates
June 22, 2022

Australian buy now, pay later (BNPL) company Zip is planning merchant and consumer fee hikes to help it ride out a tough market environment of soaring inflation, rising interest rates and tighter regulations, according to a Thursday (June 22) press release. Get the Full Story...

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What’s Next in BNPL: Zopa CEO Says Longer Terms, Larger Loans
June 22, 2022

Following an explosion of buy now, pay later (BNPL) use in the past few years, transaction volumes are expected to hit $680 billion worldwide by 2025. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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UK BNPL Regulation Unlikely Before Mid-2023
June 21, 2022

The U.K. government announced on Monday, June 20, plans to tighten rules on the Buy Now, Pay Later (BNPL) sector aimed at protecting users — but new rules aren’t likely to be in place until mid-2023.  Get the Full Story Complete the form to unlock...

BNPL
Klarna’s Value Reportedly Slashed by Two-Thirds
June 16, 2022

Klarna will be looking into raising more funds at a significantly lower value than it got last year, which shows how dire the environment is right now for tech funds, The Wall Street Journal (WSJ) writes. Get the Full Story Complete the form to unlock...

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CFPB Wants Credit Reporting Standards in BNPL Sector
June 16, 2022

The Consumer Financial Protection Bureau (CFPB) published a blog post on Wednesday, June 15, indicating that Buy Now, Pay Later (BNPL) lenders and Nationwide Consumer Reporting Companies (NCRCs) may need to work more closely together to standardize BNPL payment data to ensure adequate credit reports. ...