Payments News

On The Web

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Providers

Silver Lake-Led Group Pours $650 Million Into Payments Company Klarna

“A group led by private-equity firm Silver Lake is investing $650 million in Klarna Holding AB, according to people familiar with the matter, betting on a company that has benefited from the accelerated shift to e-commerce brought on by the coronavirus pandemic. The investment values the Swedish payments company, which provides consumers with the ability […]
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Providers

Snoop Dogg-Backed ‘Pay Later’ Lender Prompts U.K. Ad Probe

“U.K regulators are examining advertisements by Klarna , the Swedish lender backed by BlackRock Inc. and the entertainer Snoop Dogg, as part of a broad inquiry into whether the marketing of “buy now, pay later” services is encouraging reckless spending by young people. The U.K.’s Advertising Standards Authority started the probe this month after complaints […]
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On The Wires

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Deals

Affirm Raises $500M Series G Round

“Affirm, a more flexible and transparent alternative to credit cards, today announced a $500 million series G round of funding…The company is also introducing an interest-free biweekly payment product for transactions as low as $50. As with Affirm’s existing monthly payment options, consumers will never be charged late or hidden fees when using this new […]
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Providers

Retailers Meet Customer Demand to “Buy Now, Pay Later” with Installment Payment Option from Fiserv

“Retailers using digital commerce technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, can now enable customers to pay for their purchases with interest-free installment payments. For retailers, installment payments can help reduce online shopping cart abandonment and increase overall ticket size. For consumers, particularly those without […]
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Providers

Jifiti Partners with Mastercard to Scale Point of Sale Consumer Financing Solutions

“As more people enter the digital economy, credit and consumer financing is evolving – providing increased flexibility for more people, catering to new shopping trends and behaviors, and empowering retailers with new experiences. To meet shifting consumer demands, Jifiti has today announced the expansion of its partnership supporting both merchants and issuers with Mastercard, to […]
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Domains

Sezzle Activates Google Pay and Apple Pay, Extending its Reach into In-Store Retail

“Sezzle, Inc. (ASX:SZL), leading US-based installment payments platform, today announced the release of its virtual card for shoppers, enabling millions of Sezzle customers to pay using interest-free installments both in-store and online. The Sezzle Virtual Card will allow brick and mortar retailers that already support Apple Pay and Google Pay an easy way to offer […]
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Companies

Mastercard Expands Installment Offerings Through Global Partnerships, Empowers More Consumers to Choose When to Pay with Pre-Sale, Point of Sale and Post-Sale Payment Options

“The global pandemic is driving consumers to seek flexible payment options while issuers and merchants alike want to provide cardholders with choice, control and simplicity at checkout. To address this, Mastercard today announced a new partnership with TSYS, a Global Payments company, that will enable consumers to use their Mastercard to split transactions into installments […]
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