Payments News

On The Web

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Providers

Railsbank Launches White Label BNPL Package for Retailers

“Banking-as-a-service platform Railsbank has built a white label BNPL product that enables retailers to escape the clutches of shopping apps like Klarna and build their own branded buy now, pay later programmes. Available to retailers in the UK and Germany this year, the BNPL pakage enables retailers to provide their own branded instalment financing online […]
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Providers

Zilch and Mastercard Announce Expanded Partnership to Launch Zilch BNPL Card Across Europe

“Zilch, the London-based unicorn Fintech announced today that it has expanded its partnership with Mastercard to bring Zilch’s popular over-the-top buy now, pay later (BNPL) digital card offering to Europe and enable deferred purchases across the EU.  Zilch’s digital card is currently available in the UK and has already reached over 1.7 million customers in less than […]
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Providers

Apexx Global Lands in the US

“Apexx Global is bringing its payments orchestration and processing platform to the US as it bids to take advantage of the country’s fast-growing BNPL market. Founded in 2016, Apexx combines acquirers, gateways, shopping carts, alternative payments methods and now BNPL products into a single API connection, easing the efforts of merchants to offer a complete […]
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Providers

What Card Issuers Can Learn From CFPB’s Buy Now/Pay Later Inquiry

“The Consumer Financial Protection Bureau’s recently announced inquiry into the operations of buy now/pay later fintechs raises many questions about how the rapidly growing industry’s policies affect overall consumer debt. But the CFPB’s probe could also end up spotlighting the very reasons consumers have flocked to simpler BNPL loans over the last few years, putting […]
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Providers

Repayment Problems Mount As BNPL Surges

“New research by financial advice service OpenMoney finds almost three fifths (57%) of adults aged 18 to 50 have now used buy now, pay later schemes (BNPL), up from half (49%) last year. The largest rise in usage has been among 45 to 50-year-olds, where 16% growth in the last year makes it the age […]
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Providers

Buy Now, Pay Later in Consumer Finance Watchdog’s Crosshairs

“The CFPB plans to ask the big players in the buy now, pay later industry for information about consumer protection concerns that have arisen about the burgeoning product. The Consumer Financial Protection Bureau is expected to send letters to Affirm, Afterpay and Klarna and other companies that dominate the market, according to multiple sources with […]
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On The Wires

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Providers

Amazon Teams up With Barclays | Barclays

“From today, Amazon customers in the UK will have access to a new, flexible payment method – Instalments by Barclays, helping them to finance purchases of £100 or more on amazon.co.uk. The reusable credit account can be used on millions of products, including those from thousands of small and medium businesses selling on Amazon. With […]
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Providers

Klarna Partners With GoCardless to Accelerate Expansion in the US

“Klarna, a leading global retail bank, payments and shopping service, today announced that it has chosen GoCardless, a global leader in account-to-account payments, to offer bank debit payments to its over 21 million US customers. Klarna will use GoCardless for its popular Pay in 4 offering and its financing solution, creating a more convenient shopping […]
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Providers

Resolve Secures $25M As Market for Embedded B2B Buy Now, Pay Later Solutions Catches Fire

“Resolve announced today that it has raised an additional $25 million in strategic equity funding to meet rising demand from business-to-business (B2B) companies seeking to simplify their net terms payments and embed B2B buy now, pay later (BNPL) solutions into their payment workflows. Launched as a spinout from Affirm in 2019, Resolve previously announced a […]