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Split Payments May Boost Merchants’ Private-Label Card Momentum
Split Payments May Boost Merchants’ Private-Label Card Momentum
March 19, 2024  |  Payment Methods

For closed-loop systems — merchant-specific cards — split-payment options may spark both interest and momentum. Less than a year ago, PYMNTS Intelligence found that more...

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ShopBack Cuts 24% of Staff Amid BNPL Retreat
ShopBack Cuts 24% of Staff Amid BNPL Retreat
March 19, 2024  |  BNPL

Singapore’s ShopBack is cutting a quarter of its staff as it exits the BNPL space. CEO Henry Chan announced the cuts in a message to employees Tuesday (March 19), saying...

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Galileo Expands BNPL Offering for Banks and FinTechs
Galileo Expands BNPL Offering for Banks and FinTechs
March 19, 2024  |  Buy Now Pay Later

Galileo Financial Technologies has launched an expansion of its buy now, pay later (BNPL) offering. The company now lets banks and FinTechs offer cardholders new post-purchase...

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60% of US Shoppers Used Split-Payment Options in the Past Year
60% of US Shoppers Used Split-Payment Options in the Past Year
March 19, 2024  |  Buy Now Pay Later

Split-payment or installment plans such as buy now, pay later (BNPL) enable consumers to spread the costs of purchases over multiple installments. Consumers appear to...

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Zilch Considering IPO in 2025, Talking With IPO Venues
Zilch Considering IPO in 2025, Talking With IPO Venues
March 15, 2024  |  IPO

British buy now, pay later (BNPL) provider Zilch Technology is reportedly considering launching an initial public offering (IPO) in 2025.  Zilch has not selected a venue...

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Klarna Adds Open Banking for UK Customers
Klarna Adds Open Banking for UK Customers
March 14, 2024  |  Banking

Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K.  “The launch means consumers can now pay Klarna directly from their bank account instead of...

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NatWest to End BNPL Option Due to Lower-Than-Expected Use
NatWest to End BNPL Option Due to Lower-Than-Expected Use
March 08, 2024  |  BNPL

NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering. This move comes less than two years...

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Acquirers Eye Expansion of Installment Payment Plans Amid Consumer Demand
Acquirers Eye Expansion of Installment Payment Plans Amid Consumer Demand
March 08, 2024  |  Payment Methods

Acquirers — the financial institutions that provide the infrastructure for merchants and businesses to accept card payments — operate behind the scenes but can play...

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ChargeAfter Debuts Embedded Lending Hub for Banks
ChargeAfter Debuts Embedded Lending Hub for Banks
March 04, 2024  |  Loans

Point-of-sale financing firm ChargeAfter has debuted an embedded lending platform for banks. The Lending Hub, announced Monday (Mar. 4), is designed to let banks and financial institutions...

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