Payments News

On The Web

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Providers

Consumers and Companies Are Buying In on Paying Later

“The option to buy now and pay later has soared in popularity, accelerating last year as consumers bought almost everything online at the start of the pandemic. But the little buttons under those Lululemon leggings or that new TV that suggest spreading your purchase over six weeks or more — often at no cost — […]
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Providers

Revolut Developing ‘Buy Now Pay Later’ Product

“Fintech firm Revolut is preparing to launch a ‘buy now, pay later’ feature, becoming a rival of ClearPay and Klarna.  The company will allow users to spread the cost of in-store and online purchases over a period of time, chief executive Nikolay Storonsky has said. “Simply a button which you switch on and then your […]

On The Wires

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Providers

Book a Trip, Pay for It Later As Uplift Expands Partnership With KAYAK

“Uplift , the leading enterprise Buy Now, Pay Later (BNPL) solution serving the world’s top travel brands, and KAYAK, the world’s leading travel search engine, have deepened their partnership to provide travelers with greater payment flexibility when booking travel on KAYAK. Expanding on Uplift’s existing payment options, starting this fall, KAYAK users will have the […]
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Deals

PayPal To Acquire Paidy

“PayPal Holdings, Inc. (NASDAQ: PYPL ) today announced that it has agreed to acquire Paidy, a leading two-sided payments platform and provider of buy now, pay later solutions in Japan, for ¥300 billion or approximately US$2.7 billion, principally in cash. The acquisition will expand PayPal’s capabilities, distribution and relevance in the domestic payments market in Japan, the third […]
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Deals

Zilch Brings Buy Now Pay Later to the US With Acquisition of Nepfin

“In preparation for a large-scale expansion into the US market, the large London BNPL (Buy Now Pay Later) player Zilch has acquired the debt funding platform NepFin (Neptune Financial) for an undisclosed sum. This acquisition is particularly significant in light of NepFin’s location. Headquartered in San Francisco, this business will serve as a convenient entry point […]