Posts Tagged ‘buy now pay later’
Scalapay secures $497m in Series B funding
The BNPL provider, which has reached unicorn status, also unveiled a new platform called Magic to ‘redefine European ecommerce’.
Read MoreKlarna enters Canada
The BNPL provider has opened a tech hub in Toronto where it will recruit 500 engineers by 2025, while Canadian shoppers can now use its ‘Pay in 4’ service at selected retailers’ checkouts.
Read MoreSiam Commercial Bank makes $100m investment in Akulaku
The Indonesian banking and digital finance platform will use the investment to help fund its expansion in Southeast Asia.
Read MoreBarclays calls for more robust regulation of BNPL products
Barclays calls for more stringent regulation of BNPL products following the release of new research which suggests the lack of consistent affordability assessments has led shoppers to take on more debt than they can afford to repay.
Read MoreSantander enters Buy Now Pay Later space with its new Zinia platform
Spanish bank Santander is launching its own Buy Now Pay Later (BNPL) service in Europe with the roll-out of Zinia, a new consumer financing platform that allows shoppers to split their purchases over monthly interest-free instalments in online and physical stores. The app will initially be made available in the Netherlands and will give Zinia…
Read MoreKlarna brings in-store payments to UK consumers with physical card
The new Klarna Card, which has a waitlist of 400,000 in the UK, will allow shoppers to make in-store contactless BNPL purchases.
Read MoreInsight: How voluntary standards can de-risk the booming alternative lending market
The pandemic has cemented mass transition from traditional to alternative finance in the UK. A pandemic-driven cash flow crisis among businesses, and the rise of fintech and challenger banks, is spurring the rise of alternative lending models – with the market now worth £6.26 billion.
Read MoreTemenos unveils BNPL service on its banking cloud
The AI-driven BNPL banking service is a “pay-as-you-go” solution for banks and fintechs.
Read MoreKlarna teams up with Stripe to help online businesses
By partnering, Klarna’s flexible payment options will be made available to millions of internet businesses already using Stripe across the US and 19 countries in Europe.
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